The 2026 Financial Street Forum opens in Beijing on the afternoon of October 19. Pan Gongsheng, Governor of the People's Bank of China, Ding Xiangqun, Director of the State Financial Supervision and Administration, Wu Qing, Chairman of the China Securities Regulatory Commission, and Zhu Hexin, Director of the State Administration of Foreign Exchange, will give keynote speeches at the opening ceremony. The core content is as follows: Pan Gongsheng: Together with the General Administration of Financial Supervision and the China Securities Regulatory Commission, they will establish liquidity support tools to deal with large redemptions by non-bank institutions, with the aim of establishing a mechanism to stabilize the bond market. Pan Gongsheng: Research will take the opportunity to switch the central bank's open market operating period to overnight, and the open market overnight repurchase rate will accordingly become the main policy interest rate. Pan Gongsheng: Promote the reform of loan interest rate pricing benchmarks, and shift from a relatively single reference interest rate pricing in the loan market to more diverse pricing benchmarks. Pan Gongsheng: We will promote the replacement of interest calculation bases in these fields with market-based interest rate indicators to achieve the benchmark interest rate for withdrawing from financial institution deposits and loans. Pan Gongsheng: Expanding the scope of institutions applicable to standing lending facilities will be further incorporated into domestic and foreign corporate banks. Pan Gongsheng: The interbank and exchange bond market connectivity has already met the conditions for implementation, and can be launched after testing. Pan Gongsheng: The proposed pilot allows 8 Chinese and foreign RMB overseas clearing banks to carry out their own transactions in the domestic interbank foreign exchange market. Pan Gongsheng: Together with 10 departments including the Ministry of Science and Technology, the “Guiding Opinions on Financial Support for the Construction of Beijing, Shanghai, Guangdong-Hong Kong-Macao Greater Bay Area International Science and Technology Innovation Centers” will be issued to accelerate the construction of a technology finance service system compatible with the core functions and international positioning of international science and technology innovation centers.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.