The central bank: continue to adhere to a supportive monetary policy stance and study measures to increase reserves.

On August 26, the People's Bank of China held a symposium with experts, scholars, and financial industry leaders. Pan Gongsheng stated that everyone had put forward good suggestions. Since the beginning of this year, the People's Bank of China has resolutely implemented the decisions and deployments of the Party Central Committee and the State Council. The prudent monetary policy has been flexible, appropriate, targeted, and effective. In February, May, and July, it has successively implemented significant monetary policy adjustments to effectively support the economic recovery. In the next stage, the People's Bank of China will comprehensively implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Party, implement the requirements of the Central Political Bureau meeting to "continuously and more vigorously exert efforts in macroeconomic policies", continue to adhere to a supportive monetary policy stance, strengthen countercyclical adjustments, comprehensively use various monetary policy tools, and increase financial support for the real economy. At the same time, it will study measures for reserve increment policies, enhance coordination and cooperation in macroeconomic policies, and support the consolidation and enhancement of the positive trend in economic recovery. The full text is as follows: The People's Bank of China Holds a Symposium with Experts, Scholars, and Financial Industry Leaders On August 26, Pan Gongsheng, Secretary of the Party Committee and President of the People's Bank of China, presided over a symposium with representatives, experts, scholars, and financial industry leaders, to analyze and study the current economic and financial situation and listen to relevant opinions and suggestions. Xuan Changneng, member of the Party Committee and Vice President of the People's Bank of China, and responsible officials from the State Administration of Foreign Exchange attended the meeting. Zhang Bin, Tian Xuan, Peng Wensheng, Lu Ting, Chen Dongsheng, Yang Yucheng, Wang Changqing, Lu Huayu, etc., made speeches respectively. Everyone unanimously agreed that since the beginning of this year, the macroeconomic policy has been further strengthened, a series of policy measures to boost domestic demand, stabilize expectations, and prevent risks have been successively introduced, the economic operation has continued to improve, and the fundamentals of China's economy are stable. Representatives at the meeting also made suggestions on how to boost effective demand, especially consumer demand, stabilize expectations, enhance confidence, promote the stable and healthy development of the real estate market, and maintain the soundness of financial institutions. Pan Gongsheng stated that everyone had put forward good suggestions. Since the beginning of this year, the People's Bank of China has resolutely implemented the decisions and deployments of the Party Central Committee and the State Council. The prudent monetary policy has been flexible, appropriate, targeted, and effective. In February, May, and July, it has successively implemented significant monetary policy adjustments to effectively support the economic recovery. In the next stage, the People's Bank of China will comprehensively implement the spirit of the Third Plenary Session of the Twentieth Central Committee of the Party, implement the requirements of the Central Political Bureau meeting to "continuously and more vigorously exert efforts in macroeconomic policies", continue to adhere to a supportive monetary policy stance, strengthen countercyclical adjustments, comprehensively use various monetary policy tools, and increase financial support for the real economy. At the same time, it will study measures for reserve increment policies, enhance coordination and cooperation in macroeconomic policies, and support the consolidation and enhancement of the positive trend in economic recovery. Officials from relevant departments and units of the People's Bank of China and the State Administration of Foreign Exchange attended the symposium. This article is selected from "People's Bank of China"; GMTEight Editor: Huang Xiaodong.