PBOC Governor Pan Gongsheng: Implement a moderately loose monetary policy well.

GateUser-6433627c · 2025-05-20T11:33:53+00:00

Pan Gongsheng, the Governor of the People's Bank of China, emphasized at the symposium on financial support for the real economy that a moderately accommodative monetary policy should be implemented to meet the financing needs of the real economy and support the development of key areas. He called for optimizing the use of policies, enhancing the efficiency of financial support for the real economy, and promoting economic structure adjustment and the conversion of old and new driving forces. At the same time, he stressed the importance of strengthening the execution of monetary policy, maintaining market order, and promoting financial services for the development of the real economy.

GateUser-6433627c

2025-05-20 11:33:53

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[PBOC Governor Pan Gongsheng: Implementing a moderately loose monetary policy well] PBOC Governor Pan Gongsheng presided over a symposium on financial support for the real economy and delivered a speech. The meeting emphasized the importance of implementing a moderately loose monetary policy well to meet the effective financing needs of the real economy and to maintain a reasonable rise in the total financial volume. Strengthen support for key areas such as technological innovation, boosting consumption, private micro and small enterprises, and stabilizing foreign trade, making good use of both stock and incremental policies, improving the quality and effectiveness of financial support for the real economy, and supporting economic structural adjustments, transformation and upgrading, and the conversion of new and old kinetic energy. Strengthen the implementation and transmission of monetary policy, maintain fair competition in the market, and promote the organic unity of financial services for the real economy and the sustainable development of banks themselves. Gradually advance the international use of the RMB, improving the convenience of trade and investment financing. Coordinate development and security, and resolutely safeguard national financial security.

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