According to Jin10, People's Bank of China Governor Pan Gongsheng said at the opening ceremony of the 2026 Financial Street Forum annual conference that a pilot program would further facilitate overseas financial institutions' RMB buying and selling in China's foreign exchange market. The People's Bank of China plans to allow eight Chinese and foreign overseas RMB clearing banks to conduct proprietary trading in China's interbank foreign exchange market, in line with international market practices and trading conventions. The pilot is intended to make it easier for overseas institutions to participate more deeply in the domestic foreign exchange market and promote integration between onshore and offshore markets. Pan said China would further open its foreign exchange market based on the pilot's results.