FINANCE

China’s Central Bank Governor Outlines Financial Risk Defense

Published: Nov. 3, 2025 1:27 p.m. GMT+8

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Pan Gongsheng. Photo: file photo

China’s central bank Governor Pan Gongsheng has laid out a detailed plan to enhance the country’s financial management framework, focusing on refining monetary policy and strengthening macroprudential oversight to fend off systemic risks.

In an article for a guide on proposals for the 15th Five-Year Plan, Pan explained that while China’s monetary policy is relatively mature, its macroprudential management system needs to be improved and better coordinated with monetary policy.

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China’s central bank plans to refine monetary policy and strengthen macroprudential oversight to address financial system risks.
Key measures include shifting away from quantitative targets, enhancing interest rate mechanisms, and better managing exchange rates.
The framework aims to cover systemic institutions, cross-border flows, and the property sector, with improved regulatory coordination and risk correction tools.

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