11.05
·Reported
·Importance III
·Sources 1
·Beijing
On November 5, Pan Gongsheng, Governor of the People's Bank of China, reported on financial work to the Standing Committee of the National People's Congress: As of the end of September this year, the number of remaining local government financing vehicles nationwide has decreased by 92% compared to the end of March 2023; as of the end of June, the stock of operational financial debt has decreased by 79%. The report also disclosed that the cumulative approval for real estate 'white list' loans has exceeded 8.4 trillion yuan, and that officials have established a liquidity support tool for clearing arrears and held talks with leading enterprises that have defaulted on payments.
10.17
·Developing
·Importance III
·Sources 1
According to a report by Sound of Hope, Tencent recently announced an investment totaling 26 billion yuan. The report noted that the move has drawn attention in economic circles, linking it to the economic policy background ahead of the Chinese Communist Party's Fifth Plenary Session and to remarks by central bank governor Pan Gongsheng in Washington, and analyzing its impact on the current economic situation.
2026.10
·Reported
·Importance IV
·Sources 2
·Beijing
At the Financial Street Forum, Pan Gongsheng announced the adjustment of the policy rate tenor, the establishment of liquidity support tools for non-bank institutions, the push to link large corporations' loans to the overnight repo rate, and the exit from the deposit and lending benchmark rates, turning intraday firefighting facilities from temporary tools into standing tools.
09.01
·Reported
·Importance III
·Sources 1
·南非
Bessent said he had met with Pan Gongsheng, governor of the People's Bank of China, on the Iran issue, and stated that the Chinese side agreed that Iran must not possess nuclear weapons and that the Strait of Hormuz should remain open.
06.17
·Reported
·Importance III
·Sources 2
·Shanghai
At the Lujiazui Forum, Pan Gongsheng, governor of the central bank of the Chinese Communist Party, rolled out six new tools in one go, including narrowing the interest rate corridor, non-bank liquidity support, and overseas central bank repo facilities.