The People's Bank of China convened its 2025 payment and settlement work conference, reviewing 2024 results and setting out key tasks for 2025 with an overarching focus on preventing risks, strengthening supervision and supporting high-quality development of the payments sector. For 2025, the priorities include improving regulatory effectiveness by better coordinating government and market roles, enhancing payments’ support for the real economy by balancing costs and benefits, strengthening payment and clearing infrastructure by aligning compliance and innovation, and advancing high-level opening-up in payments while safeguarding security. The review of 2024 highlighted progress in rulemaking and制度建设, supervisory capability, payment service quality and convenience, stable operation of payment and clearing infrastructure, and deeper international exchange.
Central Bank of the Republic of China 2025-03-19
People's Bank of China sets 2025 payment and settlement priorities focused on risk prevention, stronger supervision and payments opening-up
The People's Bank of China outlined its 2025 priorities at the payment and settlement work conference, focusing on risk prevention, supervision enhancement, and high-quality development in the payments sector. Key tasks include improving regulatory effectiveness, balancing costs and benefits to support the real economy, and advancing payment infrastructure compliance and innovation. The 2024 review noted progress in rulemaking, supervisory capability, service quality, and international exchange.