The PBOC conducted CNY 5,970bn of overnight reverse repos and CNY 5,000bn of buyout-style reverse repos; CNY 5,040bn of overnight and CNY 10bn of 7-day reverse repos matured, resulting in a net injection of CNY 5,920bn in open-market operations today.

Shanghai Financial Regulatory Bureau issued guidance to boost tech finance in the city's banking and insurance sector: it will explore and refine duty-of-care exemption and fault-tolerance frameworks, including formal positive/negative exemption lists, clarified accountability and higher exemption/reduction ratios; encourage banks to raise tolerance for non-performing loans to technology SMEs by referencing inclusive small-business lending standards and to pilot differentiated NPL disposal methods; and urge insurers to adopt innovation fault-tolerance mechanisms that permit greater tolerance in combined loss ratios and cost ratios for incubating, data-sparse insurance products.

Beijing, Sept 9, 2026 — Vice Finance Minister Liao Min met Andre Demare, honorary chair of the Canada-China Business Council, and exchanged views on China‑Canada economic and trade relations.