The People's Bank of China held a symposium on financial support for the real economy, chaired by Governor Pan Gongsheng, to push through the implementation and transmission of its package of monetary and financial measures in line with the Central Committee and State Council’s policy direction. The central bank called for implementing an appropriately accommodative monetary policy to meet effective financing demand from the real economy and to keep overall financial aggregates growing at a reasonable pace. It urged stronger support for priority areas including technology innovation, consumption, private businesses and micro and small enterprises, and the stabilisation of foreign trade, while making fuller use of both existing and new policy measures. The agenda also included strengthening policy execution and transmission, maintaining fair market competition, advancing the international use of the renminbi in an orderly manner to improve trade and investment facilitation, and safeguarding national financial security; the National Financial Regulatory Administration participated alongside major banking institutions.
Central Bank of the Republic of China 2025-05-20
People's Bank of China convenes real economy support forum and reinforces call for appropriately accommodative monetary policy
The People's Bank of China, led by Governor Pan Gongsheng, held a symposium to advance monetary and financial measures aligned with Central Committee and State Council policies. The bank emphasized an accommodative monetary policy to support technology innovation, consumption, private businesses, micro and small enterprises, and foreign trade stabilization. The agenda included enhancing policy execution, promoting renminbi internationalization, and ensuring national financial security, with participation from the National Financial Regulatory Administration and major banks.