ECONOMY

China’s Central Bank Pledges More Support to Stabilize Markets

Published: Nov. 5, 2026 11:48 p.m. GMT+8

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The report follows a series of regulatory measures as major mainland stock indexes have retreated. Photo: VCG

China’s central bank pledged to bolster financial market support, including backing state investor Central Huijin Investment Ltd.’s role as a market stabilizer, after a series of declines in mainland stocks.

People’s Bank of China Governor Pan Gongsheng outlined the plans in a Tuesday report on the government’s financial work. He said authorities would broaden channels for long-term investment and improve mechanisms to maintain market stability.

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PBOC Governor Pan Gongsheng pledged market support, including expanding Central Huijin’s stabilizing role, after mainland stock declines.
Measures include swap facilities, relending for buybacks, and studying rule changes to encourage long-term investment.
Local government financing vehicles fell 92% in number and 79% in business debt by 2026 under a debt-resolution program.

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Who’s Who

Central Huijin Investment Ltd.: Central Huijin Investment Ltd. is a state investor in China. The central bank pledged to back its role as a market stabilizer amid mainland stock declines, helping it function akin to a market stabilization fund.

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