Pan Gongsheng, Governor of the People's Bank of China: China has gradually established a modern monetary policy framework with Chinese characteristics.

On September 22, when introducing the achievements of the financial industry development during the "14th Five-Year Plan" period, Pan Gongsheng, Governor of the People's Bank of China, stated at a press conference of the State Council Information Office, "Since the beginning of the 14th Five-Year Plan, the quality and efficiency of financial services for the real economy in China have been significantly improved. We have adhered to a supportive monetary policy stance, and gradually formed a modern monetary policy framework with Chinese characteristics, making policy transmission more effective."