The 2025 Annual Conference of the Financial Street Forum opened Monday in the heart of Beijing’s Financial Street, drawing financial leaders to map out strategies amid a tumultuous international landscape.
Pan Gongsheng, governor of the People's Bank of China (PBOC), kicked off the forum with a call for robust risk management and enhanced monitoring of systemic financial risks. He announced the next phase of the digital RMB rollout, aiming to optimize the digital yuan management system and expand operations with more commercial banks.
Li Yunze, head of the National Financial Regulatory Administration, urged a balanced relationship between finance and the real economy to ensure sustained, healthy growth. He introduced a new financial service model blending direct and indirect financing, designed to balance "investment in assets" with "investment in people" and foster a more inclusive financial environment.
As day one concludes, stakeholders will continue exploring innovative pathways to drive global financial development, positioning the Chinese mainland as a key player in a rapidly evolving economic era.
Reference(s):
Navigating change: Insights from day 1 of 2025 Financial Street Forum
cgtn.com
