On December 10, the 2025 Financial Development Conference was held in Shanghai with the theme of “Seeking 15 Five-Year Plans to Move Toward High Quality”. Lian Ping, Chairman of the China Chief Economist Forum and director of the Guangkai Chief Industry Research Institute, delivered a keynote speech on “China's Monetary Policy Outlook during the Fifteenth Five-Year Plan Period”. Lian Ping believes that during the “15th Five-Year Plan” period, monetary policy may have an important advance, which is to better cover the capital market. Many important meetings have mentioned the reform of the central banking system. The coverage of macroprudential policies must be expanded to achieve full coverage in the financial sector. In the future, the strength and mechanisms in this area will be further improved. The demand for and opportunities for monetary policy to play a role in capital market regulation and management will also increase. This is one of the important characteristics of the improvement of China's capital market environment in the coming period.

On December 10, the 2025 Financial Development Conference was held in Shanghai with the theme of “Seeking 15 Five-Year Plans to Move Toward High Quality”. Lian Ping, Chairman of the China Chief Economist Forum and director of the Guangkai Chief Industry Research Institute, delivered a keynote speech on “China's Monetary Policy Outlook during the Fifteenth Five-Year Plan Period”. Lian Ping believes that during the “15th Five-Year Plan” period, monetary policy may have an important advance, which is to better cover the capital market. Many important meetings have mentioned the reform of the central banking system. The coverage of macroprudential policies must be expanded to achieve full coverage in the financial sector. In the future, the strength and mechanisms in this area will be further improved. The demand for and opportunities for monetary policy to play a role in capital market regulation and management will also increase. This is one of the important characteristics of the improvement of China's capital market environment in the coming period.