Central Bank: Continue to deepen financial supply-side structural reforms and steadily promote a high level of financial openness

Zhitongcaijing · 11/12/2025 11:33

The Zhitong Finance App learned that on November 12, the People's Bank of China held a briefing session on the spirit of the Fourth Plenary Session of the 20th CPC Central Committee. Central Bank Governor Pan Gongsheng pointed out that it is necessary to thoroughly study and plan the key tasks of the People's Bank of China during the “15th Five-Year Plan” period, establish a scientific and stable monetary policy system, improve a comprehensive macroprudential management system and systemic financial risk prevention and treatment mechanism, continue to deepen financial supply-side structural reforms, steadily promote a high level of financial openness, resolutely maintain the country's financial security, and contribute more financial strength to achieve the “15th Five-Year Plan” goals and tasks set by the Party Central Committee.

The original text is as follows:

The People's Bank of China held a briefing on the spirit of the Fourth Plenary Session of the 20th CPC Central Committee

On November 12, the People's Bank of China held a presentation on the spirit of the Fourth Plenary Session of the 20th CPC Central Committee. Pan Gongsheng, member of the Central Preaching Delegation and Party Secretary and Governor of the People's Bank of China, delivered a presentation.

Pan Gongsheng focused on studying and implementing the spirit of General Secretary Xi Jinping's important speech at the Fourth Plenary Session of the 20th CPC Central Committee and the “Proposal of the CPC Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development”, from a deep understanding of the significance of the Fourth Plenary Session of the 20th CPC Central Committee, accurately grasping the important position of the “15th Five-Year Plan” period in the process of basic socialist modernization, deeply understanding the guidelines and main goals of economic and social development during the “15th Five-Year Plan” period, and adhering to the overall leadership of the Party. The spirit of the plenary session was comprehensively explained and systematically explained.

Pan Gongsheng pointed out that improving the central banking system is a strategic measure to promote high-quality financial development and accelerate the construction of a financial power during the “15th Five-Year Plan” period. We must adhere to the Party Central Committee's centralized and unified leadership of financial affairs, thoroughly promote comprehensive and strict government of the Party, comprehensively implement the plenary session arrangements, thoroughly study and plan the key tasks of the People's Bank of China during the “15th Five-Year Plan” period, establish a scientific and stable monetary policy system, improve comprehensive macroprudential management systems and systemic financial risk prevention and treatment mechanisms, continue to deepen financial supply-side structural reforms, steadily promote a high level of financial openness, and resolutely maintain the country's financial security, and contribute more financial strength to achieve the “15th Five-Year Plan” goals and tasks set by the Party Central Committee.

Pan Gongsheng stressed that studying, publicizing, and implementing the spirit of the Fourth Plenary Session of the 20th CPC Central Committee is an important political task for the People's Bank of China. Party committees at all levels should carefully organize and carry out studies and training, closely link with actual implementation, carry out multi-channel and multi-dimensional publicity campaigns, and create a strong learning and publicity atmosphere.

The presentation was held in the form of a video conference. Members of the Party Committee of the People's Bank of China, members of the Party Group of the State Administration of Foreign Exchange, comrades in charge of departments and departments of the People's Bank of China and the State Administration of Foreign Exchange, comrades in charge of discipline inspection and monitoring teams, cadres from various municipal branch teams, heads of internal departments, and representatives of party members and members of the public within the People's Bank of China system attended the conference separately at the main venue and branch venue.

This article was selected from the official website of the “People's Bank of China”. Zhitong Finance Editor: Jiang Yuanhua.