> ## Content Index > Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt > Use this file to discover other available public pages before exploring further. # China's PBOC Vows Moderately Loose Policy to Bolster Growth - URL: https://www.theglobalbanker.com/chinas-pboc-vows-loose-policy-to-bolster-growth/ - Published: 2026-03-23T09:32:53.000Z - Updated: 2026-10-24T12:31:46.000Z - Description: PBOC Governor Pan Gongsheng pledged a moderately loose monetary policy at the China Development Forum, using tools like reserve ratios and interest rates to ensure ample liquidity amid RMB appreciation. He also welcomed overseas investors to China's financial markets. - Author: TGB Editorial Team - Tags: Central Banks, Asia-Pacific People's Bank of China Governor Pan Gongsheng delivered remarks at the China Development Forum 2026 in Beijing on Sunday, saying the PBOC will continue to implement a moderately loose monetary policy, using tools such as the reserve requirement ratio, policy interest rates and open market operations to keep liquidity ample, and to create a favourable monetary and financial environment for stable economic growth, high-quality development and the smooth operation of financial markets. The two-day forum is hosted by the Development Research Center of the State Council. The forum opened in Beijing on March 22\. Pan said China's social financing conditions are accommodative, with financial aggregates growing at a reasonable pace. #### RMB STRENGTHENS AMID POLICY FLEXIBILITY The renminbi (RMB) has strengthened this year, rising about 1.3% against the US dollar, and Pan said China has neither the need nor the intention to devalue its currency to gain a trade advantage. China maintains a managed floating exchange rate regime for the RMB. Pan said RMB internationalisation has made positive progress in recent years, providing domestic and foreign entities with more diversified currency choices, and that RMB financing costs remain relatively low. #### BOOSTING FINANCIAL SECTOR OPENING Beijing has called for opening-up and technological progress to drive new market growth. The PBOC will steadily promote high-level opening-up in the financial sector, deepening financial market connectivity and cross-border payment system interoperability. This includes facilitating broader investor participation, and he welcomed overseas investors to invest in China's financial markets. Premier Li Qiang told the forum China is committed to advancing high-standard opening-up, importing more high-quality goods from other countries, and working with all parties to make the global economic pie bigger. He said the competitive advantages of China's industries are achieved not through subsidies and protection but through persistent reform and innovation-driven development. China will continue to strive to maintain a market order of fair competition and is willing to strengthen communication and cooperation with all parties to jointly promote the stability and security of global industrial and supply chains. #### ECONOMIC RESTRUCTURING AND GROWTH SUPPORT Pan said China will maintain a supportive monetary policy stance. The forum's theme was "China in Its 15th Five-Year Plan Period: Advancing High-Quality Development and Creating New Opportunities Together." Li said China will focus on promoting high-quality development to maintain stable economic growth, while continuing to create a favorable business environment and fully implement national treatment for foreign enterprises. #### AT THE FORUM Approximately 750 participants, including New Development Bank President Dilma Rousseff and Asian Infrastructure Investment Bank President Zou Jiayi, as well as representatives from business communities both at home and abroad, attended the opening ceremony. Tim Cook, CEO of Apple and co-chair of this year's CDF, highlighted China's push for an economy driven by technological innovation, environmental protection and equal opportunity. Luigi Gambardella, president of ChinaEU, expressed hope and confidence despite challenges and trade headwinds, noting potential for cooperation in smart manufacturing, artificial intelligence, and digital technologies. Chris Kempczinski, McDonald's CEO and president, affirmed growth in China and belief in the business. Li said China's newly adopted 15th Five-Year Plan (2026-30) not only serves as a new blueprint for the nation's own growth, but also presents new opportunities for global development.