The regular meeting of the Monetary Policy Committee of the People's Bank of China for the fourth quarter of 2025 was held on December 18. The conference pointed out that large banks should be guided to play the main role of financial services in the real economy, push small and medium-sized banks to focus on their main business, enhance banks' capital strength, and jointly maintain the stable development of the financial market. Effectively implement various structural monetary policy tools, solidly prepare the “Five Major Articles” on finance, and strengthen financial support in key areas such as expanding domestic demand, scientific and technological innovation, and micro, small and medium-sized enterprises. Make good use of the exchange facilities of securities, funds, and insurance companies and stock repurchases to increase refinancing, explore normalized institutional arrangements, and maintain capital market stability. Continue to improve financial services to support the growth of private economic development. Effectively promote a high level of two-way financial openness, and improve economic and financial management capabilities and risk prevention and control capabilities under open conditions.

The regular meeting of the Monetary Policy Committee of the People's Bank of China for the fourth quarter of 2025 was held on December 18. The conference pointed out that large banks should be guided to play the main role of financial services in the real economy, push small and medium-sized banks to focus on their main business, enhance banks' capital strength, and jointly maintain the stable development of the financial market. Effectively implement various structural monetary policy tools, solidly prepare the “Five Major Articles” on finance, and strengthen financial support in key areas such as expanding domestic demand, scientific and technological innovation, and micro, small and medium-sized enterprises. Make good use of the exchange facilities of securities, funds, and insurance companies and stock repurchases to increase refinancing, explore normalized institutional arrangements, and maintain capital market stability. Continue to improve financial services to support the growth of private economic development. Effectively promote a high level of two-way financial openness, and improve economic and financial management capabilities and risk prevention and control capabilities under open conditions.