Central Bank: vigorously developing the "technology board" of the bond market to support more private technology enterprises and private equity investment institutions to issue bonds for financing.

The People's Bank of China released the third quarter report on the implementation of China's monetary policy in 2025. It mentions accelerating the construction of financial market institutions and opening to the outside world at a high level. It vigorously develops the "technology board" of the bond market, makes good use of technology innovation bond risk-sharing tools, and supports more private technology enterprises and private equity investment institutions to issue bonds for financing. Improve the legal system of the bond market and promote the construction of the corporate bond legal system. Accelerate the development of multi-level bond markets, continuously promote the expansion and standardized development of counter bond business. Continuously regulate issuance pricing, underwriting, and market-making behaviors, strengthen risk monitoring in key areas and industries. Further promote the high-quality development of the Panda bond market. Promote the internationalization of the RMB and enhance the level of capital project opening. Launch high-level opening trials for cross-border trade and investment. Further expand the use of RMB in cross-border trade and investment, deepen cooperation in foreign currencies, and develop RMB offshore markets.