Central Bank Governor Pan Gongsheng: Guide the reasonable growth of money and credit and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level

On August 24th, Pan Gongsheng, the governor of the central bank, said that we will continue to adhere to a supportive monetary policy stance, guide the reasonable growth of money and credit, promote the steady decline in the cost of corporate financing and residential credit, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Guide the Financial Institutions Group to increase credit support for key areas and weak links, and more targeted to meet reasonable consumer financing needs. At the same time, study policy measures for reserve increment and strengthen macro policy coordination and cooperation.