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Pan Gongsheng, Governor of the People's Bank of China: Implement moderately loose monetary policy

According to online reports, Pan Gongsheng, Governor of the People's Bank of China, presided over a symposium on financial support for the real economy and delivered a speech. The meeting emphasized the need to implement a moderately loose monetary policy to meet the effective financing needs of the real economy and maintain a reasonable growth in financial aggregate. We will increase our support for key areas such as scientific and technological innovation, boosting consumption, private small and micro enterprises, and stabilizing foreign trade, make good use of existing and incremental policies, improve the quality and efficiency of financial support for the real economy, and support economic structural adjustment, transformation and upgrading, and the transformation of old and new momentum. Strengthen the implementation and transmission of monetary policy, maintain fair order of market competition, and promote the organic unity of financial services to the real economy and the sustainable development of banks themselves. Promote the international use of the RMB in an orderly manner and improve the level of trade and investment and financing facilitation. Coordinate development and security and resolutely safeguard national financial security.

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