Chinese officials outlined key economic strategies and financial reforms during a high-profile press conference on Thursday, emphasizing efforts to achieve high-quality development under the 14th Five-Year Plan (2021-2025). Senior financial regulators addressed domestic and international media at an event organized by the State Council Information Office, highlighting coordinated measures to stabilize markets and foster innovation-driven growth.
Pan Gongsheng, Governor of the People’s Bank of China, reaffirmed commitments to “prudent monetary policy” while supporting technological advancement and green energy transitions. National Financial Regulatory Administration Minister Li Yunze detailed plans to strengthen risk management in banking and insurance sectors, particularly in real estate and local government financing.
China Securities Regulatory Commission Chairman Wu Qing announced new measures to enhance transparency in capital markets, stating: “We will improve regulatory frameworks to protect investor rights and promote healthy competition.” Zhu Hexin, Deputy Governor of the PBOC and head of foreign exchange administration, highlighted China’s stable cross-border capital flows despite global economic uncertainties.
The conference addressed multiple questions about international cooperation, with officials emphasizing China’s role in maintaining global supply chain stability and welcoming overseas investment. While no direct references were made to cross-strait economic relations, Zhu noted that “all regions benefit from open, rules-based trade systems.”
