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Central Bank: Timely Planning of Practical Incremental Policies to Strengthen Counter-Cyclical Regulation

On August 12, the Central Bank released the 2026 second quarter report on the implementation of China's monetary policy. The People's Bank of China will timely plan and implement practical incremental policies, enhance counter-cyclical regulation, and strengthen the expansion of domestic demand and optimization of supply to promote sustained and improved economic development. It will steadfastly follow the path of financial development with Chinese characteristics, further deepen financial reform and high-level opening-up, accelerate the construction of a strong financial nation, improve the central banking system, and build a scientific and robust monetary policy system along with a comprehensive macro-prudential management system, ensuring smooth transmission of monetary policy mechanisms. (Jin Shi)

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