China's central bank says it will firmly maintain the stable operation of financial markets
PBOC Vows to Balance Growth and Risk, Strengthen Market Stability, and Crack Down on Illegal Finance
China's central bank is walking a tightrope. At an expanded party committee meeting, the PBOC pledged to actively defuse financial risks in key sectors while keeping a macro balance between growth, structural adjustment, and risk prevention. It will push forward with debt resolution for financing platforms and handle risks in small and mid-sized institutions under market and legal principles.
The bank also reaffirmed its role in macroprudential oversight and financial stability—vowing to keep stock, bond, and forex markets running smoothly. It's studying a liquidity support mechanism for non-bank financial institutions in specific scenarios. And alongside other agencies, it will keep the heat on illegal financial activities. Stability first.
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