China's monetary policy stance is supportive: central bank

Pan Gongsheng, governor of the People's Bank of China, Li Yunze, head of the National Financial Regulatory Administration, Wu Qing, chairman of the China Securities Regulatory Commission, and Zhu Hexin, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange, attend a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

BEIJING, Sept. 22 (Xinhua) -- China's monetary policy is currently supportive, with an emphasis on domestic imperatives while balancing both domestic and external situations, central bank governor Pan Gongsheng said on Monday.

Responding to a question about the latest rate cut from the U.S. Fed at a press conference, Pan said that China's major financial markets, including stock, bond and foreign exchange markets, have maintained stable operations.

In accordance with macroeconomic performance and changes in the overall situation, the People's Bank of China will use a variety of monetary policy tools to ensure ample liquidity, lower overall financing costs, support efforts to stimulate consumption and effective investment, consolidate and strengthen economic recovery momentum, maintain financial markets' stable operations, and keep the exchange rate of the yuan generally stable at an adaptive, balanced level, Pan said. 

Pan Gongsheng, governor of the People's Bank of China, Li Yunze, head of the National Financial Regulatory Administration, Wu Qing, chairman of the China Securities Regulatory Commission, and Zhu Hexin, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange, attend a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Pan Gongsheng, governor of the People's Bank of China, Li Yunze, head of the National Financial Regulatory Administration, Wu Qing, chairman of the China Securities Regulatory Commission, and Zhu Hexin, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange, attend a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Pan Gongsheng, governor of the People's Bank of China, Li Yunze, head of the National Financial Regulatory Administration, Wu Qing, chairman of the China Securities Regulatory Commission, and Zhu Hexin, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange, attend a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Pan Gongsheng, governor of the People's Bank of China, speaks at a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Li Yunze, head of the National Financial Regulatory Administration, speaks at a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Zhu Hexin, deputy governor of the People's Bank of China and head of the State Administration of Foreign Exchange, speaks at a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Wu Qing, chairman of the China Securities Regulatory Commission, speaks at a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

Journalists work at a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)

A journalist asks questions at a press conference held by the State Council Information Office (SCIO) on achievements in the financial sector during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, Sept. 22, 2025. (Xinhua/Li Xin)