On Aug. 4, the PBOC Guangdong branch held its H2 2026 work meeting and Guangdong foreign-exchange management meeting, directing continuation of a moderately loose monetary policy to help stabilise Guangdong growth and calling for stronger support to priority sectors and weak links to improve the quality and efficiency of financial services to the real economy. The meetings pushed continued FX-management reform to ease cross-border trade and investment financing, and stressed macroprudential and

On Aug. 4, the PBOC Guangdong branch held its H2 2026 work meeting and Guangdong foreign-exchange management meeting, directing continuation of a moderately loose monetary policy to help stabilise Guangdong growth and calling for stronger support to priority sectors and weak links to improve the quality and efficiency of financial services to the real economy. The meetings pushed continued FX-management reform to ease cross-border trade and investment financing, and stressed macroprudential and FX supervision to prevent systemic financial risk; specific directives included advancing institutional opening in the FX sector, optimising FX services for the external-facing economy, and tightening oversight to bolster resilience to external shocks.