PBOC Meeting: Sustained Support for Private Economy, Financial Market Stability
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On September 24, People's Financial Information reported that the People's Bank of China's Monetary Policy Committee held its third-quarter 2026 regular meeting (the 114th in total) on September 19. The meeting stated that large banks should play a leading role in serving the real economy, while small and medium-sized banks should focus on their main business and strengthen their capital. The committee pledged to use various structural monetary policy tools, improve tool design and management, and implement the 'five major articles' of financial work. It will strengthen financial support for key areas including expanding domestic demand, technological innovation, small and micro enterprises, and the construction of the 'six networks.' The central bank committed to continuously improving financial services to support the development and growth of the private economy and to maintaining the stable operation of financial markets. It also called for promoting high-level two-way financial opening and improving economic and financial management capabilities and risk prevention capabilities under open conditions.
Source report
PBOC Monetary Policy Committee Holds Q3 2026 Meeting
Beijing, September 24 (People's Financial News) – The Monetary Policy Committee of the People's Bank of China (PBOC) held its third-quarter 2026 regular meeting (the 114th in total) on September 19.
Key Meeting Outcomes
The meeting outlined the following policy directions:
- Guidance for banks: Large banks should play a leading role in serving the real economy, while small and medium-sized banks are urged to focus on their core business and strengthen their capital base.
- Monetary policy tools: The committee emphasized the effective use of various structural monetary policy instruments, with continued improvements in tool design and management.
- "Five Major Articles" in finance: Solid progress should be made in advancing financial services across five key areas.
- Priority sectors for financial support: Increased support will be directed toward:
- Expanding domestic demand
- Technological innovation
- Small and micro enterprises
- The construction of the "Six Networks"
- Private sector development: Financial services supporting the growth and expansion of the private economy should be sustained.
- Market stability: Efforts will be made to maintain the stable operation of financial markets.
- Financial opening-up: The committee called for practical progress in high-level, two-way financial opening, while enhancing economic and financial management capabilities and risk prevention capacity under open conditions.
Source
证券时报网Eastern
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PBOC Q3 2026 meeting vows continued moderate easing, stronger counter-cyclical adjustment