The People's Bank of China Monetary Policy Committee held its 2026 third-quarter meeting on Sept. 19, its 114th overall, and discussed the main direction of monetary policy for the next stage. It recommended combining new and existing measures, improving policy foresight, flexibility and targeting, and calibrating implementation strength, pace and timing to domestic and global economic and financial conditions and financial-market performance. The committee called for comprehensive and timely adjustments to monetary-policy tools to keep liquidity ample, align growth in aggregate social financing and money supply with economic growth and price-level targets, and advance reforms to the monetary policy operating framework. It also said bond-market conditions should be observed and assessed from a macroprudential perspective. PANews reported the meeting's conclusions on Sept. 24.