PBoC Vows Timely Policy Support, Ample Liquidity

2026-08-03 01:38 By Farida Husna 1 min. read

The People’s Bank of China (PBoC) said in a statement on Sunday that it will continue monetary support in the second half of 2026, pledging to maintain ample liquidity and adjust policy tools as needed.

The statement followed a work meeting led by Governor Pan Gongsheng and echoed last week’s Politburo call to accelerate infrastructure spending.

The central bank also vowed to “steadily promote the high-level opening of the financial market,” advancing cooperation on financial infrastructure, expanding liquidity management and risk-hedging tools, and facilitating yuan-denominated panda bond issuance by overseas institutions.

It also highlighted plans to strengthen Shanghai’s role in cross-border finance and offshore services, consolidate Hong Kong’s position as a global offshore yuan hub, and support the resolution of debt risks at local government financing vehicles while promoting their market-oriented transformation.



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PBoC Vows Timely Policy Support, Ample Liquidity
The People’s Bank of China (PBoC) said in a statement on Sunday that it will continue monetary support in the second half of 2026, pledging to maintain ample liquidity and adjust policy tools as needed. The statement followed a work meeting led by Governor Pan Gongsheng and echoed last week’s Politburo call to accelerate infrastructure spending. The central bank also vowed to “steadily promote the high-level opening of the financial market,” advancing cooperation on financial infrastructure, expanding liquidity management and risk-hedging tools, and facilitating yuan-denominated panda bond issuance by overseas institutions. It also highlighted plans to strengthen Shanghai’s role in cross-border finance and offshore services, consolidate Hong Kong’s position as a global offshore yuan hub, and support the resolution of debt risks at local government financing vehicles while promoting their market-oriented transformation.
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