BEIJING, Aug. 12 (Xinhua) -- China will strengthen financial support for key areas, including expanding domestic demand, promoting technological innovation and supporting small and micro enterprises, according to a report released by the People's Bank of China (PBOC) Wednesday.
Since the beginning of the year, the PBOC has continued to implement an appropriately accommodative monetary policy, creating a supportive monetary and financial environment for high-quality economic development, according to the PBOC's second-quarter 2026 monetary policy report.
The central bank has also continued to optimize structural monetary policy tools and further improve the financing structure.
By the end of June, the growth rates of loans to the technology, green, inclusive finance, elderly care and digital economy sectors all exceeded the growth rate of total loans, the report said.
Supply and demand in the foreign exchange market remained broadly balanced, while the RMB exchange rate remained largely stable at a reasonable and equilibrium level, the report showed.
Going forward, the central bank said it will continue to implement the monetary policy and calibrate the intensity, pace and timing of policy implementation based on domestic and international economic and financial conditions, as well as financial market operations.
It will also work to guard against the risk of exchange rate overshooting, maintain the stable operation of financial markets and resolutely prevent systemic financial risks. ■
