China Updates Cross-Border Renminbi Payment Rules for 2026

The People’s Bank of China has issued new rules for the Cross-Border Payment System of Renminbi, set to replace the 2018 regulations, effective February 1, 2026.

This regulatory update is critical for global RMB transactions, underscoring China’s ongoing efforts in financial internationalization and enhancing system infrastructures in cross-border payment operations.

PBOC’s Enhanced Renminbi Payment Framework Unveiled for 2026

The People’s Bank of China (PBOC) issued the “Rules for the Cross-Border Payment System of Renminbi” (Yin Fa [2025] No. 248), slated to take effect on February 1, 2026. The explicit inclusion of the Digital Currency Research Institute, among other key financial institutions, underscores the notable scope of this initiative.

The new regulations are designed to refine the operational structure of the Cross-Border Interbank Payment System (CIPS) by permitting mixed settlement models. These adjustments are poised to bolster Renminbi payments and the simultaneous delivery of foreign currency settlements.

Official statements have not yet emerged from key authorities; however, industry analysts predict these steps will facilitate broader international usage of RMB. The multi-channel CIPS network now connects 1,729 participants in 189 countries. As one expert mentioned: “These rule updates underscore China’s ambition to make the renminbi a global currency standard.”

Broader International RMB Use Expected with CIPS Update

Did you know? In 2018, similar rules set the foundation for CIPS, aiding China’s international financial integration. The current update aims to expand efficiency and reach across international borders.

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Insights from the Coincu research team suggest the new rules could lead to increased global Renminbi liquidity and usage, particularly in trade and finance sectors. This strategic alignment of regulations supports China’s ongoing efforts to integrate its financial systems globally.