Pan Gongsheng: Will implement a moderately loose monetary policy to promote high-quality development of the Chinese economy.

25/04/2025

Pan Gongsheng, Governor of the People's Bank of China, attended the G20 Finance Ministers and Central Bank Governors Meeting.

Pan Gongsheng, Governor of the People's Bank of China, attended the G20 Finance Ministers and Central Bank Governors Meeting. Pan Gongsheng emphasized that economic fragmentation and trade tensions continue to disrupt industrial and supply chains, weaken global economic growth momentum. He stated that trade wars and tariff wars have no winners, and major economies should strengthen international macroeconomic and financial policy coordination, take substantive actions to promote international cooperation, and maintain global economic and financial stability. Currently, the Chinese economy has started off well, continuing to show signs of improvement, with stable operations in financial markets. The People's Bank of China will implement a moderately loose monetary policy to promote high-quality economic development in China.

State Administration for Foreign Exchange: China's international balance of goods and services trade import and export scale in March was 42,704 billion yuan, a year-on-year increase of 6%.

State Administration of Foreign Exchange: In March, the total turnover of China's foreign exchange market reached 26.99 trillion yuan.

The China Banking and Insurance Regulatory Commission issued the "Notice on Strengthening the Supervision of Universal Life Insurance".

State Administration for Foreign Exchange: China's international balance of goods and services trade import and export scale in March was 42,704 billion yuan, a year-on-year increase of 6%.

State Administration of Foreign Exchange: In March, the total turnover of China's foreign exchange market reached 26.99 trillion yuan.

The China Banking and Insurance Regulatory Commission issued the "Notice on Strengthening the Supervision of Universal Life Insurance".