China-Renminbi/Internationalization
China-Renminbi/Internationalization
Dateline : Oct 19, 2026/File
Location : China
Duration : 1'02
Beijing, China - Oct 19, 2026 (CCTV - No access Chinese mainland)
1. Various of signs, banners for Annual Conference of Financial Street Forum 2026, buildings
2. Various of Pan Gongsheng, governor of People's Bank of China, speaking at opening ceremony of Annual Conference of Financial Street Forum 2026; attendees
3. SOUNDBITE (Chinese) Pan Gongsheng, governor of People's Bank of China (partially overlaid with shot 4):
"Moving forward, we will continue to improve the renminbi clearing bank network to extend renminbi financial services to more business entities, promote renminbi-denominated bonds as globally recognized eligible collateral to facilitate global investors' allocation of renminbi bonds and provide stable and multi-tiered renminbi liquidity to the offshore market."
++SHOT OVERLAYING SOUNDBITE++
4. Various of attendees
++SHOT OVERLAYING SOUNDBITE++
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
5. Various of renminbi banknotes
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
6. Facade of People's Bank of China
7. Various of bank clerks at work, serving clients
8. Sign reading "cross border finance"
FILE: Shanghai, China - Date Unknown (CCTV - No access Chinese mainland)
9. Aerial shot of city view
FILE: Guangzhou City, Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
10. Aerial shot of city view
China will work out more policies to promote the internationalization of the country’s fiat currency renminbi, said Pan Gongsheng, governor of the People's Bank of China, the country's central bank, at the opening ceremony of the Annual Conference of Financial Street Forum 2026 in Beijing on Monday.
He said that demand for the renminbi in international markets had grown greatly and the renminbi's internationalization continued to advance.
Pan said the renminbi has currently become China's leading settlement currency for foreign economic transactions, the world's second-largest currency for trade financing and the third-largest payment currency.
The central bank will further roll out more policies to create a more favorable environment for domestic and overseas entities to hold and use the renminbi, he said.
"Moving forward, we will continue to improve the renminbi clearing bank network to extend renminbi financial services to more business entities, promote renminbi-denominated bonds as globally recognized eligible collateral to facilitate global investors' allocation of renminbi bonds and provide stable and multi-tiered renminbi liquidity to the offshore market," said Pan.
The annual financial conference is taking place from Monday to Thursday in the Chinese captial.
With a theme of "Building an Open Collaborative and Inclusive Ecosystem for Global Financial Development," this year's conference is attracting prominent guests from over 40 countries and regions who will participate in various activities, including the main forum, parallel forums, thematic conferences and side events.
ID : 8504498
Published : 2026-10-20 15:45
Last Modified : 2026-10-20 17:09:10
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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