Pan Gongsheng · Full chronicle and history

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.

The State Council announced the issuance of 300 billion yuan in special treasury bonds to replenish the capital of the six major commercial banks, exposing the fact that bank capital has been severely depleted.