The PBOC released its Q2 2026 monetary policy implementation report, saying
China’s moderately accommodative policy continued to take effect, social
financing conditions remained relatively loose and banking-system liquidity was
ample. Total financing grew at a reasonable pace and credit allocation improved;
at end-June loans to technology, green projects, inclusive finance, the
elderly-care industry and the digital economy continued to outpace overall loan
growth. Newly issued corporate loans and mortgages carried rates around 3%, and
aggregate social financing costs remained at a low level.
