The People's Bank of China held a work meeting on August 1 to map out its second-half 2026 strategy and confirmed it will maintain appropriately loose monetary policy, keep liquidity ample, adjust tools in a timely manner, and enhance financial support for China's real economy, including facilitating panda bond issuance
China's managed currency, issued by the People's Bank of China, is the world's fourth most traded currency and the IMF's fifth SDR basket member, reshaping global reserve and payment flows.
full dossier ›Beijing debuts an overnight liquidity tool on June 29-30, the next step in Pan Gongsheng's shift to short-rate targeting
China's central bank since 1984, the PBoC sets benchmark rates for the world's second-largest economy and manages the renminbi, moving global bond and currency markets.