PBOC's Pan Says China Will Implement More Proactive Macroeconomic Policies

The PBOC governor is taking steps to stabilize markets in Hong Kong and mainland China, emphasizing support for the Yuan's stability. The PBOC has increased the macro parameter for cross-border funding, allowing more overseas borrowing and injecting liquidity into the system. Despite the USD's strength, the RMB shows resilience. The governor acknowledges economic challenges like low inflation and weak consumer demand, and the government plans to boost domestic demand through increased fiscal spending and proactive macroeconomic policies.

What measures is the PBOC taking to stabilize the markets?

How has the PBOC adjusted the macro parameter for cross-border funding?

What challenges did the governor acknowledge regarding the current economy?

What is the government's priority in terms of economic policy according to the governor?

What steps will the government take to boost domestic demand?