PBOC Governor Pan Gongsheng: Maintaining Stable Operation of Stock, Bond and Foreign Exchange Markets

The second plenary session of the 25th meeting of the 14th Standing Committee of the National People's Congress was held on the morning of the 3rd at the Great Hall of the People in Beijing. The session heard a report by People's Bank of China Governor Pan Gongsheng, delivered on behalf of the State Council, on financial work. The report outlined the main progress and results of financial work since October 2025, the current economic and financial situation, and the problems and challenges, and put forward considerations for next steps: continue to implement a moderately accommodative monetary policy to create a suitable monetary and financial environment for the economy's sustained development toward new, higher-quality and better outcomes; further strengthen and improve financial regulation to continuously enhance regulatory effectiveness; implement monetary policy tools that support the capital market well and consolidate and improve the market stabilization mechanism; and maintain the stable operation of stock, bond, foreign exchange and other financial markets, holding the bottom line of preventing systemic financial risks. (Xinhua)