The People’s Bank of China (PBoC) said in a statement on Sunday that it will continue to provide monetary support in the second half of 2026, pledging to maintain ample liquidity and fine-tune its policy tools as needed. The announcement followed a work meeting chaired by Governor Pan Gongsheng and aligned with last week’s Politburo call to step up infrastructure investment.
The central bank also committed to “steadily promoting the high-level opening-up of the financial market” by deepening cooperation on financial infrastructure, broadening the range of liquidity management and risk-hedging instruments, and facilitating the issuance of yuan-denominated panda bonds by overseas institutions.
In addition, the PBoC outlined plans to bolster Shanghai’s role in cross-border finance and offshore financial services, reinforce Hong Kong’s status as a global offshore yuan hub, and support the resolution of debt risks at local government financing vehicles while advancing their transition to a more market-oriented model.
