The 2025 Annual Conference of Financial Street Forum opened on Monday in the heart of Beijing's Financial Street.
On the opening day, keynote speeches were delivered by prominent financial leaders, including Pan Gongsheng, governor of the People's Bank of China (PBOC).
In light of a tumultuous international landscape, Chinese financial authorities are increasingly focused on navigating potential challenges. During his opening remarks, Pan emphasized the importance of robust risk management strategies, alongside strengthening monetary support mechanisms.
"We will maintain a supportive monetary policy stance, implement appropriately accommodative monetary policy and utilize a combination of monetary policy tools", said Pan.
The central bank suspended government bond trading at the beginning of this year, citing the imbalance between supply and demand in the bond market and accumulation of market risks. However, the current situation of the overall bond market is good and the PBOC will resume government bond trading operations, said Pan.
He further announced plans for the digital yuan, highlighting that the PBOC aims to optimize the digital yuan management system and its positioning at the currency level, and support more commercial banks in becoming operational institutions for digital yuan business.
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