On October 30, Pan Gongsheng, Secretary of the Party Committee and Governor of the People's Bank of China, presided over a Party Committee meeting. The meeting emphasized the continuation of a moderately loose monetary policy, the comprehensive use of various monetary policy tools, and the maintenance of ample liquidity. It aims to effectively implement the 'Five Major Financial Tasks,' accelerate the construction of a multi-level modern financial market system, enhance the adaptability of financial services to the real economy, and better support economic transformation, upgrading, and the transition of growth momentum. It also focuses on effectively preventing and resolving financial risks in key areas. The meeting called for expanding high-level financial openness, promoting the internationalization of the renminbi, and accelerating the construction and development of a multi-channel, widely covered cross-border payment system for the renminbi. It reaffirmed the commitment to firmly safeguard national financial security.
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