The PBOC's Monetary Policy Committee held its Q2 2026 meeting and directed large banks to act as the main lenders to the real economy, urged smaller banks to focus on core businesses and called for measures to bolster bank capital. It said authorities will make fuller use of structural monetary tools and optimize tool management, advance five major financial priorities, and strengthen targeted financial support for expanding domestic demand, technological innovation and micro, small and medium-s

The PBOC's Monetary Policy Committee held its Q2 2026 meeting and directed large banks to act as the main lenders to the real economy, urged smaller banks to focus on core businesses and called for measures to bolster bank capital. It said authorities will make fuller use of structural monetary tools and optimize tool management, advance five major financial priorities, and strengthen targeted financial support for expanding domestic demand, technological innovation and micro, small and medium-sized enterprises. The committee also pledged continued financial support for private-sector growth, to preserve market stability and to push high‑level two‑way financial opening while enhancing macro- and financial‑risk management under greater openness.