The People's Bank of China (PBOC) -- China's central bank -- will continue to promote global financial governance reform and international financial cooperation in 2026, PBOC Governor Pan Gongsheng has said, highlighting financial sector opening up and steady Chinese yuan internationalization as top priorities.
In an interview with China Media Group, Pan said that while focusing on contributing to stabilizing growth of the domestic economy, the PBOC will further promote high-level opening up of the financial services industry and financial markets, and orderly advance the internationalization of the Chinese yuan in the year. "We will continue to build and develop a multi-channel, wide-coverage, safe and efficient cross-border Chinese yuan payment system. We will enhance international cooperation in cross-border payment, actively participate in international financial governance and cooperation, keep promoting reform of the International Monetary Fund quotas, and work to increase the voice and representation of developing economies," Pan said.
"We will enhance regulatory capacity building that matches high-level opening up and will resolutely safeguard China's national financial security," said the central bank chief.
China's central bank to steadily advance yuan internationalization in 2026: governor
Russia said on Saturday that it carried out a large-scale strike against Ukraine early Saturday morning and controlled another settlement in the Kharkov Region over the past day, while Ukraine said it repelled Russian attacks in multiple directions.
Russian long-range precision missiles and attack drones hit a Ukrainian plant manufacturing drones and energy facilities servicing Ukraine's military-industrial complex during the past 24 hours, and Russia's operational-tactical aircraft, missile troops and artillery units struck 157 targets, including long-range drone storage sites and operator training facilities, as well as temporary deployment points of Ukrainian armed forces and foreign mercenaries, the Russian Defense Ministry said. It added that air defense systems shot down 137 fixed-wing drones.
Russian forces controlled the town of Staritsa in Kharkov Region over the past day, the ministry said.
The General Staff of the Armed Forces of Ukraine on Saturday reported 136 combat engagements on the frontline, where Ukrainian troops repelled Russian offensives in multiple directions.
The Ukrainian Air Force said that Russian forces implemented a large-scale air strike against Ukraine from Friday evening to early Saturday morning.
Kiev Mayor Vitali Klitschko said that the large-scale strike caused damage to critical infrastructures in the city.
Russia carries out large-scale strike, Ukraine repels attacks in multiple directions
