The People's Bank of China published a readout of Governor Pan Gongsheng’s visit to the State Administration of Foreign Exchange’s Central Foreign Exchange Business Center, where he set out priorities for 2026 foreign exchange reserve operations, including strengthened risk prevention, closer monitoring of global economic and financial conditions, and faster progress in high-quality reserve management. Pan commended the Center’s 2025 work for implementing central government decisions, coping with global market volatility, prioritising risk control, and raising the professionalism of operations, which he linked to safeguarding the safety, liquidity and value preservation and growth of reserve assets. For 2026, described as the first year of the 15th Five-Year Plan period, he called for implementing relevant central policy decisions and financial system work requirements, better balancing development and security, and responding appropriately to risks and challenges while advancing reserve management.
Central Bank of the Republic of China 2025-12-31
People's Bank of China sets 2026 priorities for foreign exchange reserve management
The People's Bank of China outlined priorities for 2026 foreign exchange reserve operations, emphasizing risk prevention, global economic monitoring, and high-quality reserve management. Governor Pan Gongsheng praised the Central Foreign Exchange Business Center's 2025 efforts in risk control and professionalism, linking these to asset safety and growth. He stressed aligning with central policy decisions and financial system requirements in the first year of the 15th Five-Year Plan.