PBOC's Pan Gongsheng: Maintaining the stable operation of financial markets including stocks, bonds, and foreign exchange

The second plenary meeting of the 25th session of the Standing Committee of the 14th National People's Congress was held on the morning of the 3rd at the Great Hall of the People in Beijing. The meeting heard a report on financial work delivered by Pan Gongsheng, Governor of the People's Bank of China, entrusted by the State Council. The report introduced the main progress and achievements in financial work since October 2025, the current economic and financial situation and problems and challenges, and put forward considerations for the next step: continue to implement a moderately loose monetary policy to create an appropriate monetary and financial environment for the economy to continue developing toward new and better directions; further strengthen and improve financial regulation, continuously enhancing regulatory quality and effectiveness; implement monetary policy tools that support the capital market, and consolidate and improve the market stabilization mechanism for the capital market. Maintain the smooth operation of financial markets such as stocks, bonds, and foreign exchange, and hold the bottom line of preventing systemic financial risks.