May 29 — The People’s Bank of China hosted an MPC academic lecture chaired by
Governor Pan Gongsheng. Li Yang of the Chinese Academy of Social Sciences
presented on “Money, Interest Rates and Monetary Policy,” covering monetary
theory, interest-rate marketization and international shifts in monetary-policy
and governance paradigms. Deputies from the State Administration of Foreign
Exchange attended and SAFE deputy Li Bin gave closing remarks; PBOC departments
and branches participated.