The 15th Lujiazui Forum kicked off in Shanghai, the Chinese mainland's financial hub, drawing leaders from the country's top financial regulators. Attendees included representatives from the People's Bank of China (PBOC), the National Financial Regulatory Administration (NFRA), and the China Securities Regulatory Commission (CSRC).
During the forum, key regulatory signals were conveyed, emphasizing a continued supportive monetary policy stance.
Supportive Monetary Policy Continues
Pan Gongsheng, governor of the PBOC, delivered a keynote speech outlining the current monetary policy strategy. He highlighted that the PBOC will employ a comprehensive array of monetary policy tools, such as reducing the reserve requirement ratio and lowering policy interest rates. These measures are designed to foster a favorable monetary and financial environment that supports high-quality economic development.
By implementing these strategies, the Chinese mainland aims to ensure economic stability and encourage growth, aligning with global trends towards sustainable development.
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Regulators speak on China's financial development at Lujiazui Forum
cgtn.com
