The People's Bank of China held an economic and financial experts symposium chaired by Governor Pan Gongsheng to assess current economic and financial conditions and gather views on monetary and financial policy support for the real economy, reforming and improving the monetary policy framework, and keeping financial markets operating smoothly. Pan indicated the central bank will continue to implement a moderately loose monetary policy and strengthen countercyclical and cross-cyclical adjustments. Deputy governors of the People's Bank of China and senior officials from the State Administration of Foreign Exchange attended alongside invited experts, who argued that key 2025 economic and social development objectives had been achieved and that monetary policy support for the real economy had delivered clear results. Pan noted that, in addition to allowing existing measures to continue working, the central bank has issued a number of adjustments involving structural monetary policy tools, and that the moderately loose stance has supported market confidence and stabilized expectations. Looking ahead, the next phase will focus on implementing requirements set out in recent central government policy decisions, building a more scientific and prudent monetary policy system, and maintaining an accommodative monetary and financial environment to support a sustained improvement in economic conditions.
Central Bank of the Republic of China 2026-03-12
People's Bank of China convenes experts meeting and reiterates plans to maintain a moderately loose monetary policy stance
The People's Bank of China, led by Governor Pan Gongsheng, held a symposium to evaluate economic conditions and monetary policy support. The central bank will maintain a moderately loose monetary policy, enhancing countercyclical adjustments to support market confidence. Future efforts will focus on aligning with central government policies to sustain economic improvement.