Central Bank Holds Economic and Financial Expert Symposium with Speeches from Li Yang, Wu Xiaoquiu, Zhang Xiaohui and Other Experts

People’s Bank of China Holds Economic and Financial Experts Symposium

On March 12, Governor Pan Gongsheng of the People’s Bank of China presided over an economic and financial experts symposium, where he discussed current economic and financial conditions with scholars and experts. The meeting focused on topics such as monetary and financial policies to support the real economy, reform and improvement of the monetary policy framework, and the stable development of financial markets, and solicited expert opinions and suggestions. Vice Governor of the People’s Bank of China and Director of the State Administration of Foreign Exchange Zhu Hexin, Vice Governors Xuan Changneng and Zou Lan, and Deputy Director of the State Administration of Foreign Exchange Li Bin attended the meeting.

Experts including Li Yang, Wu Xiaoqiu, Zhang Xiaohui, Peng Wensheng, Guan Tao, Xu Qiyuan, Xing Ziqiang, and Lu Zhe delivered speeches. They unanimously agreed that the main goals of economic and social development for 2025 are progressing smoothly, and that monetary policy support for the real economy has achieved significant results. This year marks the beginning of the 14th Five-Year Plan, and in the face of complex internal and external situations, macro policies are more proactive and effective. Since the beginning of the year, economic operation has continued its positive trend. The experts also offered suggestions on how to effectively implement moderately loose monetary policies, reform and improve the monetary policy framework, and maintain the stable operation of financial markets.

Pan Gongsheng stated that many constructive opinions and suggestions were put forward. Since the beginning of this year, the People’s Bank of China has resolutely implemented the decisions and deployments of the Party Central Committee and the State Council. Building on the continuation of existing policies, it has introduced several adjustments involving structural monetary policy tools. The moderately loose monetary policy has achieved good results, strongly boosting market confidence and stabilizing social expectations. In the next stage, the People’s Bank of China will fully implement the spirit of the Fourth Plenary Session of the 20th Central Committee, the Central Economic Work Conference, and the requirements of the Government Work Report. It will establish a scientific and prudent monetary policy system, continue to implement moderately loose monetary policies, and increase countercyclical and cross-cyclical adjustments to create a suitable monetary and financial environment for sustained and high-quality economic growth.

Relevant departments of the People’s Bank of China and the State Administration of Foreign Exchange, as well as officials from affiliated units, participated in the symposium.