At 9 a.m. today, the State Council Information Office will hold a press conference, where officials from the People's Bank of China (PBOC), the National Financial Regulatory Administration (NFRA), and the China Securities Regulatory Commission (CSRC) will introduce the relevant situation regarding "a package of financial policies to support market stability and stabilize expectations."
PBOC Governor Pan Gongsheng, NFRA Director Li Yunze, and CSRC Chairman Wu Qing will attend the press conference.
Pan Gongsheng: Since the beginning of this year, money and credit have shown characteristics of increased volume, decreased prices, and optimized structure.
Pan Gongsheng, Governor of the People's Bank of China, stated at the State Council Information Office press conference that since the beginning of this year, the PBOC has implemented appropriately accommodative policies, strengthened counter-cyclical adjustments, and comprehensively utilized various monetary policy tools to serve the high-quality development of the real economy, creating a favorable monetary and financial environment to promote sustained and improved economic rebound. In terms of effectiveness, since the beginning of this year, money and credit have shown characteristics of increased volume, decreased prices, and optimized structure.