中国人民银行1日召开2026年下半年工作会议，明确提出将综合运用并适时调整货币政策工具，保持流动性充裕[1]。会议强调要引导金融机构增强信贷投放均衡性，使社会融资规模、货币供应量增长与经济增长和价格总水平预期目标相匹配[1]。同时央行提出促进降低融资中间费用，保持社会综合融资成本低位运行[1]。
会议还明确金融市场监管和对外开放等工作要点。央行表示要加强金融市场监测、强化宏观审慎管理和金融稳定保障体系，并强化打击非法金融活动[1]。此外，央行支持和便利更多境外机构参与熊猫债的发行[1]。
The People's Bank of China held its work conference for the second half of 2026 on January 1st, outlining a comprehensive approach to monetary management [1]. The central bank stated it will "comprehensively deploy and timely adjust monetary policy tools to maintain ample liquidity" [1], while guiding financial institutions to enhance the balance of credit disbursement [1]. The policy framework aims to ensure that growth in social financing scale and money supply aligns with economic expansion and price level targets [1].
A key focus of the monetary strategy involves reducing financing costs for the broader economy [1]. The bank intends to "lower financing intermediation fees and maintain social comprehensive financing costs at low levels" [1]. Additionally, the central bank will strengthen monitoring of financial markets, reinforce macroprudential management, and enhance the financial stability safeguard system [1]. The bank also plans to support and facilitate increased participation by overseas institutions in panda bond issuance [1], while intensifying efforts against illegal financial activities [1].