People's Bank of China Supports Financial Openness

During a seminar with foreign financial institutions, the People's Bank of China pledged to continue promoting high-level financial openness, including enhancing supportive policies and expanding both the domestic and international financial markets, as well as serving the international use of the Renminbi. Governor Pan Gongsheng emphasized that the Chinese economy remains stable and is moving toward structural improvements and high-quality development, with a continued implementation of an accommodative monetary policy to stimulate economic growth, which grew by 4.7% in the first half of 2026. He also pointed out that reform measures to open up the financial sector have made positive progress, with China aiming to build a modern financial system by 2030 that ensures policy coordination and efficiency while enhancing its financial sector’s international influence.

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