On August 4, the Guangdong branch of the People's Bank of China held a working conference for the second half of 2026 and the Guangdong Foreign Exchange Management Work Conference. The conference emphasized that in the second half of the year, people's banks at all levels under the jurisdiction of Guangdong should focus on the following tasks: First, strengthening party building and providing strong guarantees for provincial branches to carry out their duties. Second, continue to implement a moderately loose monetary policy to help Guangdong's economy stabilize its growth momentum. The third is to strengthen support for key areas and weak links to improve the quality and efficiency of financial services in the real economy. Fourth, stimulate the momentum of financial innovation and push Guangdong to continue to take the lead in financial reform and opening up. Fifth, continue to deepen foreign exchange management reforms and raise the level of facilitation of cross-border trade investment and financing. The sixth is to improve financial management and services to better empower social governance. The seventh is to give full play to the functions of maintaining financial stability and macroprudential management, and maintain the bottom line that systemic financial risks do not occur. Eighth is to consolidate internal management and improve the effectiveness of grass-roots central bank governance. The meeting called for the entire foreign exchange management system to focus on the following tasks: First, adhering to party building leadership and promoting comprehensive development from strict Party governance to in-depth development. The second is to promote institutional openness in the foreign exchange sector and facilitate trade investment and financing. The third is to vigorously optimize foreign exchange services to help the foreign-related economy develop with high quality. Fourth, strengthen foreign exchange business supervision and build a strong breakwater against external shocks.

On August 4, the Guangdong branch of the People's Bank of China held a working conference for the second half of 2026 and the Guangdong Foreign Exchange Management Work Conference. The conference emphasized that in the second half of the year, people's banks at all levels under the jurisdiction of Guangdong should focus on the following tasks: First, strengthening party building and providing strong guarantees for provincial branches to carry out their duties. Second, continue to implement a moderately loose monetary policy to help Guangdong's economy stabilize its growth momentum. The third is to strengthen support for key areas and weak links to improve the quality and efficiency of financial services in the real economy. Fourth, stimulate the momentum of financial innovation and push Guangdong to continue to take the lead in financial reform and opening up. Fifth, continue to deepen foreign exchange management reforms and raise the level of facilitation of cross-border trade investment and financing. The sixth is to improve financial management and services to better empower social governance. The seventh is to give full play to the functions of maintaining financial stability and macroprudential management, and maintain the bottom line that systemic financial risks do not occur. Eighth is to consolidate internal management and improve the effectiveness of grass-roots central bank governance. The meeting called for the entire foreign exchange management system to focus on the following tasks: First, adhering to party building leadership and promoting comprehensive development from strict Party governance to in-depth development. The second is to promote institutional openness in the foreign exchange sector and facilitate trade investment and financing. The third is to vigorously optimize foreign exchange services to help the foreign-related economy develop with high quality. Fourth, strengthen foreign exchange business supervision and build a strong breakwater against external shocks.