The Governor of the Central Bank announced the upcoming policy measures at the 2026 Lujiazui Forum.

According to the Securities Times app, on June 17th, the official WeChat public account of the People's Bank of China announced that the Governor of the People's Bank of China, Pan Gongsheng, attended the 2026 Lujiazui Forum and announced the upcoming policy measures. Among them, it was proposed to improve the short-term interest rate control mechanism. On one hand, based on the establishment of temporary overnight reverse repurchase tools in July 2024, the usage mechanism of the tools will be improved, and the operation rate will be adjusted by 25 basis points from the 7-day reverse repurchase operation rate, narrowing the range from 70 basis points to 50 basis points. On the other hand, further enrich the toolbox of open market operations, timely increase overnight reverse repurchase operation varieties, and better match the short-term liquidity needs of the banking system.