International: The People`s Bank of China (PBOC) said in a report released Wednesday that China will strengthen financial support in key areas, including boosting domestic demand, promoting technological innovation, and supporting small and medium-sized enterprises (SMEs).

According to the PBOC`s Second-Quarter 2026 Monetary Policy Report, the central bank has continued to implement a moderately accommodative monetary policy since the beginning of the year. This has helped create a monetary and financial environment conducive to high-quality economic development.

The central bank has also continued to improve its structural monetary policy tools and make the financing structure more effective.

The report said that by the end of June, the growth rates of lending to the technology, green finance, inclusive finance, elderly care, and digital economy sectors had outpaced the overall growth rate of total lending.

It added that supply and demand in the foreign exchange market remained broadly balanced, while the RMB exchange rate remained stable at a reasonable and balanced level.

The central bank said it will continue implementing its monetary policy in the period ahead. The intensity, pace and timing of policy implementation will be determined in light of domestic and international economic and financial conditions, as well as developments in financial markets.

The PBOC will also work to mitigate the risks associated with excessive exchange-rate fluctuations, maintain the stable functioning of financial markets, and firmly prevent systemic financial risks.

Source: Jennifer and Sakib, China Media Group. Photo: Xinhua.