FINANCIAL STREET(SZ:000402) Huan Qiu Shi Bao·2025-10-28 22:39Core Insights - China will continue to crack down on domestic virtual currency operations and speculation while further optimizing the management system for the digital renminbi [1][2] - The People's Bank of China (PBOC) announced the resumption of public market government bond trading operations, indicating a positive shift in the bond market [2] - The 2025 Financial Street Forum attracted over 400 guests from more than 30 countries, highlighting global interest in China's financial policies and reforms [1][3] Monetary Policy - The PBOC maintains a supportive monetary policy stance, utilizing various tools to ensure liquidity and support economic recovery [2] - Future monetary policy will continue to focus on moderate easing, providing short, medium, and long-term liquidity arrangements [2] Financial Market Reforms - The China Securities Regulatory Commission (CSRC) has initiated reforms for the Sci-Tech Innovation Board, aiming to set more suitable listing standards for emerging industries [3] - The PBOC plans to introduce nine new policies to enhance cross-border trade facilitation and optimize foreign exchange management for new trade entities [3] International Cooperation - The forum emphasized China's role as a major global economic player, contributing to global trade resilience and rules [3][4] - International financial leaders noted improvements in China's financial market depth and liquidity, enhancing access for international investors [3] Future Development Goals - The "14th Five-Year Plan" outlines the construction of a comprehensive macro-prudential management system, which is a dynamic and collaborative process [5] - The National Financial Regulatory Administration will focus on supporting key strategic areas and enhancing the financial system's adaptability and competitiveness [5]