[Central Bank Emphasizes Strengthening Supervision and Regulation of Financial Markets and Derivatives] The 2026 work conference of the People's Bank of China was held from January 5 to 6. The meeting emphasized strengthening supervision and regulation of the interbank bond market, money market, foreign exchange market, bill market, gold market, and related derivatives, as well as enhancing coordinated regulation of financial infrastructure. The conference proposed deepening high-level opening of financial markets, optimizing the 'Bond Connect' and 'Swap Connect' mechanisms, supporting the development of Shanghai as an international financial center, consolidating Hong Kong's position as an international financial center, and maintaining the stability and prosperity of Hong Kong's financial market. The meeting also mentioned improving the infrastructure for cross-border use of the renminbi, promoting the issuance of Panda bonds and improving cross-border financial services, expanding the connectivity of fast payment systems, and advancing cooperation on QR code interoperability.