PBOC suggests that in the next stage, various monetary policy measures should be implemented well, experts predict that more attention will be paid to the use of existing tools.

The meeting of the People's Bank of China Monetary Policy Committee in the third quarter of 2025 was held on September 23, suggesting strengthening monetary policy regulation, improving policy foresight, pertinence, and effectiveness. The meeting added "to ensure the implementation of various monetary policy measures, fully release the policy effects," experts said this more reflects the attention to the use of existing stock tools. Compared to the content of the second quarter meeting, the latest meeting added "to ensure the implementation of various monetary policy measures, fully release the policy effects." Zhao Yi, a fixed income analyst at CITIC Securities, interpreted that this more reflects attention to the use of existing stock tools, and the central bank may pay more attention to the use of stock tools in the future.