According to Jin10, People's Bank of China (PBOC) Governor Pan Gongsheng announced a series of policy measures the PBOC will soon introduce, including a liquidity support tool to address large redemptions by non-bank institutions; expanding the range of institutions eligible for the standing lending facility; promoting connectivity between bond markets; facilitating overseas financial institutions' RMB transactions in China's foreign exchange market; and issuing guidance on financial support for international science and technology innovation centers, including Beijing (Beijing-Tianjin-Hebei). The PBOC will also respond to market demand, improve the quality of policy supply, and advance RMB internationalization.