The 2025 Annual Conference of Financial Street Forum opened on Monday in the heart of Beijing’s Financial Street.
On the opening day, keynote speeches were delivered by prominent financial leaders, including Pan Gongsheng, governor of the People’s Bank of China (PBOC).
In light of a tumultuous international landscape, Chinese financial authorities are increasingly focused on navigating potential challenges. During his opening remarks, Pan emphasized the importance of robust risk management strategies, alongside strengthening monetary support mechanisms.
“We will maintain a supportive monetary policy stance, implement appropriately accommodative monetary policy and utilize a combination of monetary policy tools”, said Pan.
The central bank suspended government bond trading at the beginning of this year, citing the imbalance between supply and demand in the bond market and accumulation of market risks. However, the current situation of the overall bond market is good and the PBOC will resume government bond trading operations, said Pan.
He further announced plans for the digital yuan, highlighting that the PBOC aims to optimize the digital yuan management system and its positioning at the currency level, and support more commercial banks in becoming operational institutions for digital yuan business.
Meanwhile, Li Yunze, head of the National Financial Regulatory Administration, addressed the need for a harmonious relationship between financial institutions and the public. He remarked that balancing the economy with finance is essential for promoting sustained and healthy economic and societal development.
Li also unveiled initiatives aimed at creating a new financial service model that integrates both direct and indirect financing. This model will balance “investment in assets” with “investment in people,” Li stated, underscoring the administration’s commitment to fostering a more inclusive financial environment.
Similarly, Wu Qing, chairman of the China Securities Regulatory Commission, declared the implementation of deepening reforms of the ChiNext Board, adding that listing standards will be set to align more closely with the innovative and entrepreneurial spirit of enterprises in emerging fields, while providing more precise and inclusive financial services for new industries.
He also unveiled an enhancement plan for the qualification of foreign investors, which will optimize access, improve the efficiency of investment operations, and expand the scope of investment.
As the forum unfolds, stakeholders will continue to explore innovative pathways for global financial development amidst an era marked by significant transformation.
