Economic Observation Network According to CCTV News App, on August 12th, the People's Bank of China released the report on the implementation of China's monetary policy for the second quarter of 2026. The report shows that,The effect of China's moderately loose monetary policy continues to be evident, with relatively relaxed social financing conditions and continuously improving the quality and efficiency of financial services for the real economy.

The report shows that the liquidity of China's banking system is abundant, the total financial volume is growing reasonably, and the direction of credit funds continues to be optimized. At the end of June, technology loans, green loans, inclusive loans, elderly care industry loans, and digital economy industry loans continued to grow at a higher rate than all loans.

The interest rates for newly issued corporate loans and housing loans are both around 3%,The cost of comprehensive social financing operates at a relatively low level.

In the first half of the year, China established re loans for private enterprises, and the weighted average interest rate for newly issued loans to small and medium-sized private enterprises decreased by 40 basis points compared to the same period last year, benefiting about 2.5 million market operators.

The RMB exchange rate remains basically stable at a reasonable and balanced level. At the end of June, the exchange rate of RMB against the US dollar appreciated by 3% compared to the end of the previous year.

In the next stage, the People's Bank of China will fully leverage the effectiveness of various existing policies, timely formulate practical and effective incremental policies for Taiwan, increase countercyclical adjustment efforts, strengthen the expansion of domestic demand, optimize supply, and promote the sustained development of the economy towards a new and better direction.