Pan Gongsheng: Increase the intensity of monetary policy regulation and improve the precision of monetary policy regulation.

According to the People's Bank of China, the Second China-Portuguese Speaking Countries Central Banks and Financial Institutions Conference will be held in the Macao Special Administrative Region on September 23, 2024. Pan Gongsheng, Governor of the People's Bank of China, attended the meeting and delivered a speech. Pan Gongsheng stated that the Chinese economy is growing steadily, and the People's Bank of China will continue to adhere to a supportive monetary policy stance, increase the intensity of monetary policy regulation, enhance the precision of monetary policy regulation, and create a good monetary and financial environment for the stable and high-quality development of the Chinese economy. Macao has close ties with Portuguese-speaking countries, and the People's Bank of China will continue to support Macao in leveraging its unique advantages and bridging role, to build a financial cooperation platform between China and Portuguese-speaking countries, deepen cooperation in various fields, and achieve mutual benefit. The governors of central banks of Portuguese-speaking countries present at the meeting exchanged views on financial cooperation between China and Portuguese-speaking countries, the role of central banks in supporting economic development and financial stability, financial technology, and other topics. This article is excerpted from the People's Bank of China, edited by GMTEight, by Chen Wenfang.