Central Bank Governor Pan Gongsheng: Guiding currency credit reasonably rise and maintaining the basic stability of the RMB Exchange Rate at a reasonable and balanced level

On August 24th, Pan Gongsheng, the Governor of the Central Bank, stated that we will continue to adhere to a supportive monetary policy stance, guide the reasonable rise of currency credit, promote stable financing costs for enterprises and residents, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. We will guide financial institutions to increase credit support for key areas and weak links, and meet reasonable consumer financing needs in a more targeted manner. At the same time, we will study reserve increment policy measures and enhance the coordination of macroeconomic policies.