Hu Gang, Vice President of CITIC Bank, discusses coping with the current round of "anti-inner loop": Implementing differentiated policies for three types of enterprises, making progress and retreat.

Hu Gang, Vice President of China CITIC Bank, stated at the China CITIC Bank 2025 semi-annual performance release conference on August 28 that compared to the previous round of supply-side reforms, the current round of "anti-internal circulation" presents three different aspects. First, the targets are different, this time the focus is mainly on improving quality rather than simply restricting production; second, it involves different industries, not only traditional industries, but also some emerging industries; third, the means are different, this time mainly relying on industry self-discipline and market-based clearance. Hu Gang said that overall, the measures of "anti-internal circulation" this time will promote related industries towards high-quality development, bringing significant changes and profound impacts to the industry ecology.