Pan Gongsheng Calls for Enhanced Long-Term Investment in Capital Markets

Central Bank Governor Advocates for Market Stability Through Long-Term Capital

During his keynote address at the Lujiazui Forum, People's Bank of China Governor Pan Gongsheng highlighted the critical need to channel more medium- and long-term capital into China's stock and bond markets. This move aims to bolster market resilience and foster sustainable growth.

Structural Reforms to Attract Patient Capital

Governor Pan emphasized that long-term investors play a vital role in stabilizing financial markets. By encouraging institutions such as pension funds and insurance companies to increase their exposure, authorities seek to reduce volatility and promote a healthier investment ecosystem.

• Enhance market depth and liquidity
• Encourage responsible investment practices
• Support corporate financing needs

Policy Coordination for Deeper Capital Markets

Observers note that these comments align with broader financial reforms, including the ongoing registration-based IPO system. Attracting long-term capital is seen as a cornerstone for advancing market modernization and supporting economic objectives.