I learned from the People's Bank of China that in 2026, China will continue to implement a moderately loose monetary policy, take promoting steady economic growth and reasonable price recovery as important considerations in monetary policy, use various monetary policy tools such as interest rate cuts flexibly and efficiently to maintain abundant liquidity, maintain relatively relaxed social financing conditions, and guide reasonable growth in total finance and balanced credit investment. A moderately loose monetary policy in 2026 will focus on improving the quality and efficiency of the high-quality development of the real economy of financial services, improving structural monetary policy tools, and strengthening financial support in key areas such as expanding domestic demand, technological innovation, and micro, small and medium-sized enterprises. Build and develop a “technology board” for the bond market with high quality, and promote increased credit investment in the consumer service sector. Furthermore, in 2026, the People's Bank of China will continue to deepen the high-level opening of financial markets, facilitate the use of RMB under trade and investment, and improve infrastructure for the cross-border use of RMB.

I learned from the People's Bank of China that in 2026, China will continue to implement a moderately loose monetary policy, take promoting steady economic growth and reasonable price recovery as important considerations in monetary policy, use various monetary policy tools such as interest rate cuts flexibly and efficiently to maintain abundant liquidity, maintain relatively relaxed social financing conditions, and guide reasonable growth in total finance and balanced credit investment. A moderately loose monetary policy in 2026 will focus on improving the quality and efficiency of the high-quality development of the real economy of financial services, improving structural monetary policy tools, and strengthening financial support in key areas such as expanding domestic demand, technological innovation, and micro, small and medium-sized enterprises. Build and develop a “technology board” for the bond market with high quality, and promote increased credit investment in the consumer service sector. Furthermore, in 2026, the People's Bank of China will continue to deepen the high-level opening of financial markets, facilitate the use of RMB under trade and investment, and improve infrastructure for the cross-border use of RMB.