Pan Gongsheng: Strengthen the supervision and management of the bond market, foreign exchange market, money market, bill market, and gold market.

Pan Gongsheng, Governor of the People's Bank of China, stated that in 2026, we must continue to maintain the stable operation of the financial market. We must manage expectations well and keep the RMB exchange rate basically stable at a reasonable and balanced level. Strengthen supervision and management of the bond market, foreign exchange market, money market, bill market, and gold market. Establish a mechanism for providing liquidity to non-bank institutions in specific scenarios. Continue to effectively use two monetary policy tools to support the stable development of the capital market.