On February 5, the Beijing Branch of the People's Bank of China held a briefing on financial management work in Beijing's jurisdiction in 2026. The meeting thoroughly studied and implemented the spirit of the 20th National Congress of the Communist Party of China, the 20th plenary sessions and the Central Economic Work Conference, conveyed the spirit of the 2026 People's Bank of China Work Conference and the National Foreign Exchange Administration Work Conference, effectively implemented the spirit of the 8th Plenary Session of the 13th Beijing Municipal Committee of the Communist Party of China and Beijing's "Two Sessions" and other relevant requirements, summarized the financial work situation in the jurisdiction in 2025, analyzed the current economic and financial situation, and proposed work requirements for 2026. Chao Kejian, Secretary of the Party Committee and President of the Beijing Branch of the People's Bank of China, attended the meeting and delivered a speech. Zhou Junming, Member of the Party Committee, Vice President, and Deputy Director of the Beijing Branch of the State Administration of Foreign Exchange, put forward requirements on foreign exchange management. Yuan Xinfeng, Member of the Party Committee and Vice President, presided over the meeting.
The meeting pointed out
In 2025, the Beijing Branch of the People's Bank of China will join hands with the financial regulatory authorities to work with various financial institutions to improve their position and assume responsibilities, conscientiously implement moderately loose monetary policies, and promote the implementation of a package of incremental financial policies in Beijing. The "Five Big Articles" of Capital Finance Coordination and promotion are strong and effective, and the scale of financing in key areas such as science and technology, innovation and green ranks among the top in the country. RMB cross-border settlement has improved quality and efficiency. The payment facilitation of overseas personnel in China has continued to lead with innovation. There have been many highlights in financial reform and opening up and financial services, and the bottom line of financial security has been firmly maintained.
The meeting emphasized
2026 is the first year of the "15th Five-Year Plan". A good start and a good start are crucial and significant for doing a good job in the next stage. At present, strategic opportunities and risks and challenges coexist, and uncertain and unpredictable factors are increasing. All financial institutions must further improve their political stance, unify their thoughts, understandings and actions with the analysis, judgment and decision-making arrangements of the Party and the Central Committee, fully implement the spirit of the Central Economic Work Conference, conscientiously implement the work arrangements of the People's Bank of China and the State Administration of Foreign Exchange, respond to internal and external challenges with hard work, be realistic and pragmatic, and face difficulties, so as to provide strong financial support for the capital's economy to move forward.
meeting requirements
First, conscientiously implement a moderately loose monetary policy. Flexibly use various monetary policy tools such as reserve requirement ratio and interest rate cuts to maintain sufficient liquidity and relatively loose social financing conditions, promote the growth of social financing scale and money supply to match the expected goals of economic growth and overall price level, and maintain the stability of total loan volume and effective improvement in quality. Reasonably determine deposit and loan interest rates, consciously avoid "involvement" competition, and jointly maintain the order of market competition. Continue to carry out in-depth work on clearly indicating the comprehensive financing costs of corporate loans. Make full use of various structural monetary policy tools such as re-loans to private enterprises, smooth transmission and incentive paths, continue to optimize the credit structure, and improve the quality and efficiency of financial services to the real economy.
The second is to strengthen financial support for key areas. Continue to do a good job in the "five major articles" of the capital's finance, build a multi-level financial service system, and focus on supporting key areas such as expanding domestic demand, technological innovation, small, medium and micro enterprises. We will give full play to the location advantages of the Zhongguancun National Independent Innovation Demonstration Zone in Beijing and step up efforts to promote technological and financial exploration and innovation. Actively support the expansion and boost of consumption. Steadily promote green finance. Carry out in-depth projects to improve the financial service capabilities of private small and micro enterprises. Continuously expand digital finance.
The third is to continue to support the capital’s financial opening-up to a higher level. We will step up efforts to promote the use of cross-border RMB and improve cross-border financial supply and cross-border financial services. Continue to deepen the construction of the "two zones", conscientiously make good use of existing policies such as high-level opening pilots for cross-border trade and investment, and ensure the implementation of a new batch of innovative pilot policies to form new advantages in the capital's financial opening, strengthen the effectiveness of foreign exchange services in key areas, and continue to improve the corporate exchange rate risk management service system. Promote the reform of banks’ foreign exchange business in a steady and orderly manner.
The fourth is to coordinate business development and risk prevention. Strictly implement the major event reporting system. Adhere to bottom-line thinking, operate steadily, and improve comprehensive risk management capabilities and the quality and effectiveness of risk monitoring and early warning. Strengthen risk prevention and control in key areas. Continue to promote the normalization of deposit insurance. Do a good job in all aspects of real estate finance. Deepen the precise management of the anti-fraud and anti-gambling "capital chain". Strictly regulate the supply chain financial business, and provide financial services to private small and micro enterprises upstream and downstream of the supply chain in accordance with market-oriented principles. Further standardize financial market operations. Improve network data security and the quality and efficiency of financial technology services. Strengthen the learning and implementation of new anti-money laundering regulations. Earnestly guard the bottom line of statistical data quality.
Fifth, we must adhere to finance for the people. Implement the "Beijing Service" work tasks in 2026. We will do a good job in building the outdoor card acceptance environment in key merchants and optimize payment services on a regular and long-term basis. Continue to implement the one-time personal credit repair policy and strengthen the source management of credit data. Create unique application scenarios for digital RMB 2.0 version. We will do a solid job in basic cash business. Continue to provide good treasury services.
Feng Yan, first-level inspector of the Beijing Supervision Bureau of the State Administration of Financial Supervision and Administration, and Zhang Jiebin, deputy director of the Beijing Supervision Bureau of the China Securities Regulatory Commission, attended the meeting and delivered speeches. Relevant responsible comrades from the Financial Commission Office of the Beijing Municipal Committee of the Communist Party of China attended the meeting. Five financial institutions made exchanges and speeches. Principals and relevant responsible comrades from 37 Chinese-funded commercial banks and 8 rural banks within the jurisdiction attended the meeting.
