Shanghai, China – The 15th Lujiazui Forum commenced on Friday in Shanghai, drawing leaders from China’s top financial regulators. The forum served as a platform for the People’s Bank of China (PBOC), the National Financial Regulatory Administration (NFRA), and the China Securities Regulatory Commission (CSRC) to convey their latest regulatory signals and outline the country’s financial development strategies.
Continued Support for Monetary Policy
Pan Gongsheng, governor of the PBOC, delivered a keynote speech emphasizing the central bank’s commitment to maintaining a supportive monetary policy stance. He noted that the PBOC would employ a comprehensive array of monetary policy tools, including reducing the reserve requirement ratio and lowering policy interest rates. These measures are intended to foster a favorable monetary and financial environment that promotes high-quality economic development.
Pan highlighted the importance of stability and continuity in monetary policy to ensure sustained economic growth amid global uncertainties. “We will continue to implement prudent monetary policies and enhance their effectiveness,” he stated, underscoring the PBOC’s dedication to supporting the real economy.
Regulatory Insights and Financial Reforms
Leaders from the NFRA and the CSRC also shared insights into upcoming regulatory reforms and initiatives aimed at strengthening China’s financial sector. Discussions covered topics such as enhancing financial risk management, deepening financial market reforms, and promoting innovation in financial services.
The forum provided an opportunity for regulators, industry experts, and business leaders to exchange views on the challenges and opportunities facing China’s economy. The emphasis on comprehensive policy tools reflects China’s proactive approach to navigating the complex global financial landscape.
Fostering High-Quality Economic Development
The measures outlined at the forum are part of China’s broader efforts to stimulate economic growth and ensure financial stability. By reducing the reserve requirement ratio and lowering policy interest rates, the PBOC aims to increase liquidity in the banking system, encouraging lending to businesses and individuals.
These steps are expected to support sectors critical to China’s economic transformation, including technology innovation, green development, and domestic consumption. The focus on high-quality development aligns with China’s long-term strategic goals and its commitment to opening up its financial markets.
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Regulators speak on China's financial development at Lujiazui Forum
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