Central Bank: Focus on supporting the expansion of domestic demand, technological innovation, and key areas such as small and micro enterprises
The meeting called for a vigorous development of technology finance, green finance, inclusive finance, pension finance, and digital finance, while strengthening financial support in the consumption sector. It emphasized the construction of a multi-level financial service system, focusing on supporting the expansion of domestic demand, technological innovation, and key areas such as small and micro enterprises. Continued efforts will be made to resolve debt risks of financing platforms supported by financial assistance, aiding local governments in the ongoing market-oriented transformation of financing platforms, and guiding financial institutions to provide services in accordance with market-oriented and rule-of-law principles
On January 30, 2026, the People's Bank of China held the 2026 Credit Market Work Conference. The conference was guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, deeply studied and implemented the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, fulfilled the requirements of the People's Bank of China Work Conference, summarized the work of the credit market in 2025, analyzed the current situation, and deployed work for 2026. Zhu Hexin, a member of the Party Committee and Vice Governor of the People's Bank of China, attended the meeting and delivered a speech.
The meeting noted that in 2025, the People's Bank of China solidly promoted the "Five Major Articles" of finance, financial support for expanding consumption, and the resolution of debt risks of local government financing platforms, achieving positive results. The work mechanisms for the "Five Major Articles" of finance became smoother, the debt risks of financing platforms were significantly alleviated, and the quality and efficiency of financial support for the high-quality development of the real economy continued to improve.
The meeting required that the work of the credit market in 2026 should accurately grasp the changes in the economic and financial situation during the 14th Five-Year Plan period, coordinate development and security, and continuously strengthen high-quality financial services for major strategies, key areas, and weak links. Further improve the mechanisms for the "Five Major Articles" of finance, implement incremental policies for structural monetary policy tools, strengthen coordination with fiscal policy, vigorously develop technology finance, green finance, inclusive finance, pension finance, and digital finance, and enhance financial support in the consumption sector.
Continue to effectively support the resolution of debt risks for financing platforms, assist local governments in continuously promoting the market-oriented transformation of financing platforms, and guide financial institutions to provide services according to market-oriented and rule-of-law principles. Strengthen macro thinking and problem orientation, continuously improve work style, and establish a dynamic closed loop of policy "implementation-evaluation-optimization" to enhance the effectiveness of policies benefiting the people and enterprises.
Relevant departments of the People's Bank of China, its branches, and responsible comrades from some affiliated units attended the meeting.
Source: People's Bank of China
