The latest news about Pan Gongsheng

a { color: #880000 !important; background: #ffeeee !important; } Latest NewsWhy is Pan Gongsheng in the news at the moment?

Pan Gongsheng has recently been in the news due to his role as the deputy governor of the People's Bank of China and his involvement in significant monetary policy decisions. One such event was the announcement of a 50-basis points cut in required cash reserves for banks, injecting approximately $140 billion into the banking system. Additionally, there are plans to issue a policy on lending to property developers, indicating Pan Gongsheng's influence on financial regulations in China. Born on July 8, 1963, Pan Gongsheng is a Chinese economist, banker, reformist, and bureaucrat. He has been serving as the deputy governor of the People's Bank of China since December 2012, where he plays a key role in shaping the monetary policy of the People's Republic of China. With his background in economics and extensive experience in the financial sector, Pan Gongsheng is a prominent figure in China's economic policymaking and financial regulation.

Stories involving Pan Gongsheng

China's Central Bank Supports Private Sector

On March 2, 2025, Pan Gongsheng, governor of the People's Bank of China, announced measures to keep financing costs low for private enterprises as long as inflation remains manageable. This commitment aligns with President Xi Jinping's recent support for the private sector, particularly in technology.

China Responds to Currency Manipulation Claims

In response to US President Trump's accusations of currency manipulation, China's central bank governor Pan Gongsheng emphasized the importance of maintaining yuan stability. Amid rising economic pressures, China aims to manage expectations while addressing trade tensions with the US and Japan.

Join Nourish

Take control
of your news diet
with OneSub Pro

OneSub Pro

£5 per month

Get the Nourish app

Join Nourish

Take controlof your news dietwith OneSub Pro

OneSub Pro

£5 per month

Get the Nourish app

Take control
of your news diet
with OneSub Pro