The Monetary Policy Committee of the People's Bank of China held its quarterly meeting for the third quarter of 2025.

The meeting pointed out that it is necessary to guide large banks to play the role of the main force of financial services for the real economy, promote small and medium-sized banks to focus on their main responsibilities, enhance the capital strength of banks, and jointly maintain the stable development of the financial market. It is important to effectively implement various structural monetary policy tools, solidly carry out the "Five Major Financial Articles," and provide strong support for technological innovation, boosting consumption, small and micro enterprises, and stabilizing foreign trade, while ensuring financing support for key areas such as the "Two Heavy" and the "Two New". Utilize securities, funds, insurance companies, and convenient exchanges for stock repurchase and increased lending, explore the normalization of institutional arrangements, and maintain the stability of the capital market. Continuously provide financial services to support the development and growth of private enterprises, fully leverage the role of coordinating financing for small and micro enterprises, and further remove barriers to financing for small and micro enterprises. Focus on implementing financial policy measures that have been introduced to have tangible effects, increase the vitality of existing commercial housing and land, consolidate the stable trend of the real estate market, improve the fundamental financial system of real estate, and help build a new model for real estate development. Actively promote high-level two-way financial opening, enhance the ability of economic and financial management and risk prevention under open conditions.