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Cailian News Agency reported on August 24 that Pan Gongsheng, governor of the People's Bank of China, said that the bank will continue to adhere to a supportive monetary policy stance, guide the reasonable growth of money and credit, promote the steady decline of corporate financing and resident credit costs, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Financial institutions will be guided to increase credit support for key areas and weak links, and more targeted to meet reasonable consumer financing needs. At the same time, the bank will study reserve increment policy measures to enhance macro policy coordination.

my country's financial system is generally sound, and the number of high-risk small and medium-sized banks has been reduced by nearly half from its peak

Pan Gongsheng, governor of the People's Bank of China, said that at present, my country's financial system is generally sound. Financial risks in key areas are being resolved in an orderly manner. The number of financing platforms and the level of existing debts have continued to decline. Most of the maturing debts of financing platforms have been continued, restructured and replaced, and the financing cost burden has been significantly reduced compared with before. The number of high-risk small and medium-sized banks has been reduced by nearly half from the peak.

The next step will be to strengthen counter-cyclical and cross-cyclical adjustments to focus on stabilizing expectations and boosting confidence

Pan Gongsheng, governor of the People's Bank of China, said that this year the People's Bank of China has implemented three relatively significant monetary policy adjustments, precisely and effectively supporting the economic recovery. The next step will be to strengthen counter-cyclical and cross-cyclical adjustments, focus on supporting stable expectations, boosting confidence, and supporting the consolidation and strengthening of the economic recovery. (CCTV News)