On May 19, Pan Gongsheng, Governor of the People's Bank of China, hosted a symposium on financial support for the real economy and delivered a speech. The conference emphasized the need to implement a moderately loose monetary policy to meet the real economy's effective financing needs and maintain reasonable growth in total finance. Strengthen support for scientific and technological innovation, boost consumption, private enterprises, stabilize foreign trade, etc., make good use of stock and incremental policies, improve the quality and efficiency of financial support for the real economy, and support economic restructuring, transformation and upgrading, and the conversion of old and new kinetic energy. Strengthen the implementation and transmission of monetary policies, maintain a fair order of market competition, and promote the organic unification of the real economy of financial services and the sustainable development of banks themselves. Promote the international use of RMB in an orderly manner and raise the level of trade, investment and financing facilitation. Coordinate development and security, and resolutely maintain the country's financial security.

Zhitongcaijing · 05/20/2025 11:25
On May 19, Pan Gongsheng, Governor of the People's Bank of China, hosted a symposium on financial support for the real economy and delivered a speech. The conference emphasized the need to implement a moderately loose monetary policy to meet the real economy's effective financing needs and maintain reasonable growth in total finance. Strengthen support for scientific and technological innovation, boost consumption, private enterprises, stabilize foreign trade, etc., make good use of stock and incremental policies, improve the quality and efficiency of financial support for the real economy, and support economic restructuring, transformation and upgrading, and the conversion of old and new kinetic energy. Strengthen the implementation and transmission of monetary policies, maintain a fair order of market competition, and promote the organic unification of the real economy of financial services and the sustainable development of banks themselves. Promote the international use of RMB in an orderly manner and raise the level of trade, investment and financing facilitation. Coordinate development and security, and resolutely maintain the country's financial security.