Central Bank: Utilize the convenience of securities, funds, and insurance companies to interchange and repurchase stocks for increased lending, explore the normalization of institutional arrangements, and maintain stability in the capital markets.

The Monetary Policy Committee of the People's Bank of China held its fourth quarter meeting in 2025 on December 18. The meeting emphasized the need to guide large banks to play a leading role in financial services for the real economy, to encourage small and medium-sized banks to focus on their main responsibilities, to strengthen the capital strength of banks, and to jointly maintain the stable development of the financial market. It is important to effectively implement various structural monetary policy tools, solidly carry out the "Five Major Financial Tasks," strengthen financial support for key areas such as expanding domestic demand, technological innovation, and small and micro enterprises. Utilize securities, funds, insurance company exchanges, and stock repurchase and increase loans wisely, explore institutional arrangements for normalization, and maintain stability in the capital market. Continuously provide good financial services to support the growth of the private economy. Actively promote high-level two-way financial opening, and enhance economic and financial management capabilities and risk prevention and control capabilities under open conditions.