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  1. The governor of the People's Bank of China, Pan Gongsheng, discusses strategies for managing systemic risks, deepening financial markets, and promoting yuan internationalization.

PBOC pledges policy direction to advance financial sector opening and RMB…

3 reports, 1 independent Updated Sep 22
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What happened

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On September 21, 2026, the People's Bank of China (PBOC) pledged to further advance the high-level opening-up of the financial sector. PBOC Governor Pan Gongsheng stated that China would improve policy supply, expand the two-way opening-up of financial markets, and optimize cross-border payment services. He added that the PBOC would continue to adopt a moderately loose monetary policy to support steady economic growth.

From english.news.cn

Why it matters

Some supportBrind's analysis of the reports

The pledges aim to facilitate the international use of the renminbi and deepen financial integration between China and the global economy. The central bank's signals regarding financial market structure and monetary policy are key indicators for international capital flows and trade finance.

The governor of the People's Bank of China, Pan Gongsheng, discusses strategies for managing systemic risks, deepening financial markets, and promoting yuan internationalization.

From english.news.cn

Who's involved

  • People's Bank of ChinaCentral bank of China, responsible for yuan management and financial policy.
  • Pan GongshengGovernor of the PBOC, responsible for announcing monetary policy direction.
  • HSBCForeign financial institution that attended the policy symposium.
  • Bank of AmericaForeign financial institution that attended the policy symposium.

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The governor of the People's Bank of China, Pan Gongsheng, discusses strategies for managing systemic risks, deepening financial markets, and promoting yuan internationalization. All 1 developments

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