The People's Bank of China is set to enhance the RMB's financing capabilities and bolster the offshore RMB market, according to a statement from the head of its Macro Prudential Management Bureau. The central bank plans to refine policies and tools to support RMB financing, emphasizing the inter-central bank currency swap mechanism to facilitate cross-border RMB use. Additionally, it aims to improve cross-border interbank RMB financing management and encourage foreign institutions to issue Panda bonds in China. Efforts will also focus on optimizing cross-border RMB liquidity supply, enhancing the role of clearing banks, and supporting the issuance and trading of RMB assets overseas. The central bank intends to regularize the issuance of central bank bills and expand liquidity and risk management tools. Furthermore, it seeks to strengthen Hong Kong's position as a key international financial center and offshore RMB hub.