The People's Bank of China (PBoC) has reiterated its commitment to promoting the use of the yuan in cross-border trade and overseas expansion, particularly among state-owned enterprises. The central bank supports the Shanghai Gold Exchange in cooperating with overseas exchanges to expand the application of yuan benchmark prices in global mainstream markets. PBoC officials emphasized efforts to facilitate currency swaps and renminbi settlements, aiming to broaden the central bank's macroprudential and financial stability roles. The bank also plans to introduce new foreign exchange policies to support cross-border trade and financing while maintaining yuan stability amid ongoing tensions with the United States. The PBoC has kept benchmark lending rates steady for the sixth consecutive month, aligning with market expectations, while expectations for a reserve requirement ratio cut are mounting. Additionally, the PBoC is focused on promoting the yuan's use in Belt and Road Initiative countries and helping firms explore overseas markets to manage foreign exchange risks and meet financing demands. The Chinese foreign exchange regulator has committed to maintaining exchange rate flexibility in this context.