Central bank governor: The central bank will implement a moderately accommodative monetary policy, strengthening the overlap between central bank policy and market concerns and enhancing its targeted focus.

On March 6 at 3:00 PM, the 14th National People’s Congress (NPC) held an economic-themed press conference. At the meeting, Pan Gongsheng, Governor of the People’s Bank of China, said that since 2025 the People’s Bank has implemented a moderately loose monetary policy, strengthening the overlap and focus of central bank policy with market concerns, and has rolled out multiple policy measures in areas including quantities, interest rates, and structure to support the stable growth of the real economy, high-quality development, and the stable operation of financial markets. Earlier this year, the People’s Bank also issued several adjustments involving structural monetary policy tools, including cutting the interest rate on structural monetary policy tools by 0.25 percentage points, expanding the scale and scope of injections, improving policy elements, and setting up a dedicated 1 trillion yuan re-lending facility for private enterprises. Meanwhile, liquidity has remained ample; through various open market tools this year, net injections of medium- and long-term funds have been about 2 trillion yuan. (First Financial)