Pan Gongsheng: Approximately 2 trillion yuan of medium- and long-term funds were net injected into the open market in the past two months

SnapshotLaborer · 2026-03-06T07:46:24+00:00

People's Bank of China Governor Pan Gongsheng stated at the National People's Congress press conference that recent social financing conditions have been eased, with a net injection of 2 trillion yuan in medium- and long-term funds. The interest rates will be adjusted according to the economic situation, and unreasonable market behaviors will be regulated to ensure transparency in financing costs.

SnapshotLaborer

2026-03-06 07:46:24

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On March 6th, at the press conference on the economic theme during the Fourth Session of the 14th National People’s Congress, Pan Gongsheng, Governor of the People’s Bank of China, stated that over the past two months, net long-term funds of about 2 trillion yuan have been injected through various open market tools. Overall, the conditions for social financing remain loose, and the total financial volume is growing reasonably.

Pan Gongsheng said that, based on changes in the economic and financial situation and macroeconomic operation, he will guide and regulate interest rates to promote low overall financing costs for society, strengthen the implementation and supervision of interest rate policies, and enhance regulation of market behaviors that are unreasonable or could weaken the transmission of monetary policy. Banks are required to clearly disclose the annualized comprehensive financing costs of loans to enterprises and standardize intermediary financing fees.

More updates to come.

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