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China central bank reform plan targets high-level financial opening-up_我的网站

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    Wild macaques are seen in a cornfield near a village in Zhangcunping township, Yichang, Central China's Hubei Province, in footage filmed by local residents and included in a report by The Beijing News. Photo: Screenshot from video in a report by The Beijing NewsA troop of wild macaques recently came down from the wooded mountains and entered cornfields in Zhangcunping township, Yichang, Central China's Hubei Province, where they were seen moving among the crops and feeding on corn, according to a report by The Beijing News on Tuesday.
Videos posted online by local residents showed the macaques roaming through the fields, darting between rows of corn and lingering among the crops.
The Zhangcunping township authority said on August 18 that the animals seen in the fields were wild macaques that normally live in the nearby mountains. Local village officials are now assessing the extent of the crop damage caused by the animals.
A township official said it is relatively rare for the macaques to venture so close to residential areas. No injuries have been reported in connection with the incident.
According to the report, farmers whose cornfields were damaged may be eligible for compensation if their crops are covered by insurance.
Local village authorities and police are also expected to work together to drive the macaques away from the area and prevent them from continuing to enter nearby farmland, the report said.
Global Times
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    This photo shows the illuminated Lujiazui in celebration of the New Year in east China's Shanghai, Dec. 31, 2025. (Xinhua/Wang Xiang)The People's Bank of China (PBOC), China's central bank, has issued a reform and development plan for the 2026-2030 period, making work arrangements aimed at accelerating the building of a nation with a strong financial sector and improving the central banking system.
The plan said measures will be taken to "prudently advance high-level financial opening-up," noting efforts will be made to expand the global use of the renminbi in international trade, investment and financing, deepen two-way financial market access, quicken steps to build Shanghai into an international financial center and enhance the role of Hong Kong as a global financial center.
As part of the opening-up drive, the PBOC will enhance the multi-tiered and broad-coverage Cross-Border Interbank Payment System (CIPS) and push forward the development of offshore renminbi markets.
On the domestic monetary policy front, the plan sets out to build a more scientific and robust framework by refining the modern monetary policy system with Chinese characteristics, improving the base-money issuance mechanism, and making better use of both aggregate and structural tools.
It stresses the need to enhance market-based interest rate formation, transmission, and adjustment mechanisms, while allowing the market to play a decisive role in exchange-rate determination and keeping the renminbi broadly stable at a reasonable and equilibrium level.
To fortify financial stability, the central bank will expand the coverage of macro-prudential management, enrich its policy toolkit, and establish a monitoring and evaluation system to mitigate systemic risks in key areas.
A major pillar of the plan is to strengthen the real economy's access to quality financial services. The PBOC has pledged to build a precise and effective policy system to support major strategies, key sectors, and address weak links. This includes developing a financial system tailored to scientific and technological innovation. It also aims to enhance green and low-carbon financing, expand inclusive finance, improve the pension finance system and accelerate digital finance.
Looking ahead to the 2026-2030 period, the PBOC says it will ensure all measures in the plan are executed effectively to boost China's strength in finance and support high-quality economic development.
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