China's central bank to enhance financial support for real economy in H2
Published: August 4, 2026
🤖 AI-generated summary · official source linked below
Last verified: Aug 4, 2026 · Report an issue
Executive Summary
China's central bank will keep a moderately loose monetary policy through the second half of 2026, with stronger counter-cyclical adjustments to support economic recovery. The bank plans to maintain ample liquidity and guide credit growth toward official targets, while increasing financing support for tech innovation, private firms, and SMEs. The measures aim to strengthen financial services to the real economy and improve credit conditions for small businesses.
Key Points
PBOC will maintain a moderately loose monetary policy in H2 2026 and strengthen counter-cyclical adjustment to support steady economic improvement.
The bank will use a full range of monetary policy tools with timely adjustments, ensuring ample liquidity in the financial system.
Credit supply will be better balanced, with growth of social financing and money supply aligned to targets for economic growth and overall price levels.
A 'technology board' in the bond market will be promoted, alongside risk-sharing instruments for technological innovation and private-enterprise bonds.
PBOC will explore information sharing and integrated data application in sci-tech finance to improve efficiency.
Credit enhancement systems for private enterprises and SMEs will be improved to strengthen financial service capabilities for small and mid-sized firms.