Pan Gongsheng: Use a comprehensive mix of short-, medium-, and long-term policy tools to ensure ample market liquidity

LightningPacketLoss · 2026-03-06T15:41:10+00:00

People's Bank of China Governor Pan Gongsheng announced at the Fourth Session of the National People's Congress that in 2026, a moderately loose monetary policy will be implemented to ensure ample market liquidity, and various policy tools will be used to achieve growth in social financing and money supply.

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2026-03-06 15:41:10

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Source: People’s Financial News Author: Securities Times Two Sessions Reporting Team

People’s Financial News, March 6 — On March 6, at the press conference on the economic topics of the Fourth Session of the 14th National People’s Congress, Pan Gongsheng, Governor of the People’s Bank of China, stated that by 2026, the People’s Bank will implement a moderately loose monetary policy, flexibly and efficiently using various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions, to leverage the integrated and synergistic effects of incremental and stock, monetary policy, and fiscal policy. Quantitatively, a comprehensive use of short-, medium-, and long-term policy tools will be employed to ensure ample market liquidity, aligning the growth of social financing and money supply with the expected targets for economic growth and price levels.

(Edited by: Wen Jing)

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