Central Bank: We must implement a moderately loose monetary policy to support key areas such as technological innovation, boosting consumption, supporting private small and micro enterprises, and stabilizing foreign trade.

On May 19, the Governor of the People's Bank of China, Pan Gongsheng, presided over a symposium on financial support for the real economy and delivered a speech. The meeting emphasized the need to implement a moderately loose monetary policy to meet the effective financing needs of the real economy and maintain reasonable growth in the financial total. Efforts will be made to support key areas such as technological innovation, boosting consumption, supporting private and small micro businesses, and stabilizing foreign trade, and to make good use of existing and new policies to enhance the quality and effectiveness of financial support for the real economy, and to support economic structural adjustment, transformation and upgrading, and the conversion of old and new growth drivers. Strengthening the execution and transmission of monetary policy, maintaining a fair market competition order, and promoting the organic unity of financial services to the real economy and the sustainable development of banks. Promoting the internationalization of the RMB in an orderly manner, and increasing the level of trade and investment facilitation. Coordinating development and security, resolutely safeguarding national financial security.