The Zhitong Finance App learned that on October 30, Pan Gongsheng, Party Secretary and Governor of the People's Bank of China, presided over a party committee meeting to convey the spirit of studying General Secretary Xi Jinping's important speech and plenary session at the Fifth Plenary Session of the 20th CPC Central Committee, and to study and deploy implementation measures. The conference emphasized the implementation of the Party Central Committee's major financial arrangements with higher standards and more practical measures. Continue to implement a moderately loose monetary policy, make comprehensive use of various monetary policy tools, and maintain abundant liquidity. Do a good job in the “Five Major Articles” on finance, accelerate the construction of a multi-level modern financial market system, enhance the adaptability of financial services to the real economy, and better support economic transformation and upgrading and the transformation of growth momentum. Effectively prevent and mitigate financial risks in key areas. Expand a high level of financial openness, promote the internationalization of the RMB, and accelerate the construction and development of a multi-channel and wide-coverage RMB cross-border payment system. Firmly maintain the country's financial security.
The full text is as follows:
The Party Committee of the People's Bank of China held a meeting to convey the spirit of studying the Fifth Plenary Session of the 20th CPC Central Committee
On October 30, 2026, Pan Gongsheng, Party Secretary and Governor of the People's Bank of China, presided over a party committee meeting to convey the spirit of studying General Secretary Xi Jinping's important speech and plenary session at the Fifth Plenary Session of the 20th CPC Central Committee, and to study and deploy implementation measures. Members of various party committees of the People's Bank of China attended the meeting.
The meeting held that since the Fourth Plenary Session of the 20th CPC Central Committee, the Party Central Committee, with Comrade Xi Jinping at the core, has adhered to the general tone of steady progress, coordinated the two major domestic and international issues, integrated development and security, effectively addressed various external shocks and internal difficulties and challenges, solidly promoted high-quality economic development, promoted comprehensive and strict government of the Party, and carried out learning and education to establish and implement a correct view of political achievements. The “14th Five-Year Plan” ended successfully. The “15th Five-Year Plan” started well, and achieved new progress and results in the cause of the Party and the country. The People's Bank of China resolutely implemented central decisions and arrangements, implemented a moderately loose monetary policy, made comprehensive use of various monetary policy tools, maintained abundant liquidity, optimized and adjusted a series of structural monetary policy tools, solidly and vigorously prepared the “Five Major Articles” in finance, deepened financial supply-side structural reforms, prevented and mitigated risks in key areas, promoted a high level of financial openness, and created favorable monetary and financial conditions for steady economic growth, high-quality development and stable operation of the financial market.
The conference pointed out that the Fifth Plenary Session of the 20th CPC Central Committee reviewed the Party's struggle over the past 100 years and profoundly pointed out that the Chinese Communist Party insisted on seeking happiness for the Chinese people and seeking revival for the Chinese nation, attached great importance to governing the Party and governing the Party in every historical period, had the courage to adhere to the truth and correct mistakes, and became a strong leadership core for the cause of the Party and the people. Since the 18th National Congress of the Party, the Party Central Committee, with Comrade Xi Jinping at the core, has incorporated comprehensive and strict government of the Party into the “Four Comprehensive” strategic layout. With great political courage and strong responsibility, it has further promoted the new great project of party building in the new era, fundamentally reversed the loose and soft situation of governing the Party, opened up a new level of self-revolution for the century-old Party, and promoted historic achievements and historic changes in the cause of the Party and the country. In the great practice of managing the Party and strengthening the Party in the new era, the Party Central Committee, with Comrade Xi Jinping at the core, proposed a series of new ideas, new ideas and strategies, formed Xi Jinping's ideology of party building, enriched and developed Marxist party building doctrine, and provided fundamental guidelines for further advancing the new great project of party building in the new era.
The conference believes that the “Decision on Persistently Promoting Comprehensive and Strict Party Governance”, which was reviewed and approved by the Fifth Plenary Session of the 20th CPC Central Committee, is guided by Xi Jinping's ideology of socialism with Chinese characteristics in the new era, thoroughly implements Xi Jinping's ideology of party building, systematically summarizes the valuable experience of comprehensively and strictly governing the Party in the new era, thoroughly analyzes the new situation and issues facing party building, and makes systematic arrangements for consistent promotion of comprehensive and strict government of the Party.
The conference emphasized that the People's Bank of China will fully and accurately implement General Secretary Xi Jinping's important speech and the spirit of the plenary session, uphold and strengthen the Party Central Committee's centralized and unified leadership of financial work, further promote comprehensive and strict government of the Party, and firmly follow the path of financial development with Chinese characteristics.
The first is to insist on taking the Party's political construction as the lead. Strictly implement the “first topic” system, put implementation of the spirit of General Secretary Xi Jinping's important speech and important instructions first, implement the financial work arrangements of the Party Central Committee and the State Council, and improve the working mechanism for studying and implementing closed-loop implementation. Thoroughly study and implement Xi Jinping's ideology of party building, and strictly implement the democratic centralization system. Push all Party members and cadres to strengthen party culture, and transform the Party's leadership's political and institutional advantages into the effectiveness of financial governance.
The second is to implement the Party Central Committee's major financial arrangements with higher standards and more practical measures. Continue to implement a moderately loose monetary policy, make comprehensive use of various monetary policy tools, and maintain abundant liquidity. Do a good job in the “Five Major Articles” on finance, accelerate the construction of a multi-level modern financial market system, enhance the adaptability of financial services to the real economy, and better support economic transformation and upgrading and the transformation of growth momentum. Effectively prevent and mitigate financial risks in key areas. Expand a high level of financial openness, promote the internationalization of the RMB, and accelerate the construction and development of a multi-channel and wide-coverage RMB cross-border payment system. Firmly maintain the country's financial security.
The third is to unswervingly implement the Party's organizational line in the new era. Adhere to the correct employment orientation, select and match strong leadership teams and cadres at all levels, and strive to build a cadre with strong Party awareness, excellent politics, and a high level of professionalism. Improve and perfect the organization's personnel management system. Establish a strict organizational system that runs through the top and bottom and has strong execution. Advance and deepen the reform of public institutions in a steady and orderly manner.
Fourth, keep up the good work and discipline. Implement normal and long-term institutional arrangements for building a good work style, and carry out Party discipline study, education, and warning education on a regular basis. Firmly establish and implement a correct view of political achievements, follow the Party's mass line in the new era, thoroughly implement the spirit of the Eight Regulations of the Central Committee, continue to rectify formalism to reduce the burden on the grassroots level, and persevere in correcting the “Four Winds.”
Fifth, promote it as one, if you don't dare to corrupt, don't want to be corrupt. Improve power supervision and control mechanisms, and strengthen supervision and management of important positions, important areas and key links. Implement the Party Committee to carry out supervisory discussions with the “top leaders” of lower-level party organizations. Combining strict government of the Party, strict mechanisms, strict supervision, and strict anti-corruption, the simultaneous promotion of financial anti-corruption and handling of financial risks, the establishment and improvement of systems, and the strengthening of system implementation are simultaneously promoted. Maintain a high-pressure stance on the “Four Winds” and corruption issues, deepen the investigation and common treatment of corruption, and continuously eradicate the soil and conditions that breed corruption.
The meeting called for the People's Bank of China system to study and publicize the spirit of the Fifth Plenary Session of the 20th CPC Central Committee as a major political task at present and in the coming period, carefully organize and carry out various forms of study activities in accordance with the unified deployment of the central government, unify ideas and actions into the spirit of the plenary session, promote high-quality financial development through high-quality party building, and contribute more to the construction of a strong nation and national rejuvenation.
This article was selected from “Central Bank Official Website”; Zhitong Finance Editor: Huang Xiaodong.