PBOC signals more easing, pledges support for tech and small firms

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The headquarters of the People's Bank of China in Beijing, China, July 24, 2026. /VCG

The People's Bank of China (PBOC), the country's central bank, said it will maintain accommodative monetary policy and keep liquidity ample, after Governor Pan Gongsheng chaired a mid-year policy review in Beijing on Saturday.

Officials assessed first-half performance and laid out priorities for the coming months, stressing counter‑cyclical adjustments and new measures to boost domestic demand and high‑quality growth.

The central bank pledged to use a mix of tools — including reverse repos, medium‑term lending facilities, and bond transactions — to lower financing costs, while ramping up support for technology, green, and small enterprises.

It also vowed to strengthen macro‑prudential oversight, tighten bond market regulation, and deploy policy levers to stabilize capital markets.

Separately, the PBOC reiterated its commitment to financial opening‑up and international cooperation, while ensuring the system's robust and safe operation.

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