Foresight News: The People's Bank of China issued a notice regarding matters related to RMB cross-border interbank financing business for banking financial institutions. The notice mentions supporting domestic banks to meet market demand and conduct RMB cross-border interbank financing business in accordance with laws, regulations, and risk controllability principles. Domestic Chinese-funded banks, wholly foreign-owned banks, and Sino-foreign joint venture banks engaging in related businesses should be managed uniformly by the bank's head office. In accordance with the principle that substance over form, all RMB cross-border interbank financing business should be included within the scope of management, and sound risk management and internal control mechanisms should be established and improved.