The People's Bank of China published an update on its handling of proposals from China’s “Two Sessions” in 2025, reporting that it completed responses on all 630 submissions and used the process to inform macroeconomic management, financial regulation and targeted financial support measures. The package covered seven motions and 398 suggestions from the 14th National People’s Congress Third Session and 225 proposals from the 14th Chinese People’s Political Consultative Conference Third Session, with a 100% reply closure rate, 100% delegate/member communication rate and 100% satisfaction rate; around 80% of lead-handled items were reported as resolved or adopted. The central bank highlighted progress on legislative work for the People’s Bank of China Law and the Financial Stability Law, and pointed to follow-on rulemaking including revisions to the rules on bankcard clearing institutions, new anti-money laundering and counter-terrorist financing rules for precious metals and gemstones businesses, a notice on integrated RMB and foreign-currency cash pooling for multinationals, and guidance on financial support for “new industrialisation”. It also referenced a May 2025 package of monetary policy measures that further cut reserve requirements and interest rates and expanded structural tools, alongside end-2025 indicators including 8.3% growth in aggregate financing, 8.5% growth in M2 and an around 3.1% rate on newly issued corporate loans, as well as double-digit loan growth in technology, green, inclusive finance, the pension industry and the digital economy. With the 2026 “Two Sessions” approaching, the People’s Bank of China said it will continue to improve its internal mechanisms and treat proposal handling as a key channel for refining policy and delivering high-quality responses.

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