The reporter learned from the People's Bank of China today (March 19) that the People's Bank of China will focus on the following aspects in 2026:

Continue to implement a moderately loose monetary policy

Promote stable economic growth and a reasonable recovery in prices as important considerations for monetary policy, and give full play to the integrated effects of incremental and stock policies, monetary policy and fiscal policy.

Comprehensively use long-, medium- and short-term monetary policy tools such as the deposit reserve ratio, buying and selling treasury bonds, medium-term lending facilities (MLF), and reverse repurchases to maintain sufficient liquidity and match the growth of social financing scale and money supply with the expected goals of economic growth and overall price levels.

Based on changes in the economic and financial situation and macroeconomic operations, guide and regulate interest rate levels, strengthen the implementation and supervision of interest rate policies, standardize financing intermediate costs, and promote the low-cost operation of comprehensive social financing.

Communicate well with the market and improve policy transparency. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

Strengthen financial services in key areas and weak links

Coordinate the "five major articles" of finance, focus on supporting key areas such as expanding domestic demand, technological innovation, and small, medium and micro enterprises, optimize structural monetary policy tools, and improve implementation methods.

Strengthen coordination with fiscal policies in interest discounts, guarantees, and risk cost sharing to amplify policy effects.

Guide financial institutions to improve their service capabilities, intensity and level, and support economic structural adjustment, transformation and upgrading.

Actively and steadily resolve financial risks in key areas

At the macro level, we must grasp the dynamic balance between economic growth, economic structural adjustment and financial risk prevention. Continue to promote the debt risk resolution of financial support financing platforms.

Adhere to the principles of marketization and rule of law, and actively and steadily handle the risks of small and medium-sized financial institutions.

We will give full play to the functions of the central bank in macro-prudential management and maintaining financial stability, and firmly maintain the smooth operation of financial markets such as stocks, bonds, and foreign exchange.

Research on establishing a liquidity support mechanism for non-bank financial institutions under specific scenarios.

Work with relevant departments to continue to crack down on illegal financial activities with high pressure.

Continue to deepen financial reform and opening up

Improve the central bank system, build a scientific and stable monetary policy system and a comprehensive macro-prudential management system.

Build a standardized, transparent, open, dynamic and resilient financial market system.

Build a safe and efficient financial infrastructure system. Promote legislative amendments to the People's Bank of China Law and the Financial Stability Law.

Practice global governance initiatives and actively participate in and promote global financial governance reform.

Promote the high-level opening up of the financial services industry and financial markets, and deepen the interconnection of financial markets and cross-border interconnection of payment systems.

Support the construction of Shanghai as an international financial center and consolidate and enhance Hong Kong’s status as an international financial center.

Enhance financial risk prevention and control capabilities under the open pattern and maintain national financial security.

(CCTV reporter Sun Yan)