Central Bank: Strengthen Financial Support for AI Industry Development

On October 19, PBOC Governor Pan Gongsheng stated at the opening ceremony of the 2026 Financial Street Forum Annual Meeting that the rapid global development of artificial intelligence is having profound impacts on productivity, investment, employment, income distribution, and financial stability. From the perspective of the central bank, it will closely monitor and assess the macroeconomic impact of AI development, strengthen financial support for the industry's growth, and steadily advance the application of AI in the financial sector. (Securities Times)