2026 is the starting year of the 15th Five Year Plan. How can finance provide strong support for stable economic growth and high-quality development? The 2026 People's Bank of China Work Conference held from January 5th to 6th released a series of policy signals. The People's Bank of China stated that it will continue to implement a moderately loose monetary policy in 2026, increase efforts in countercyclical and cross cyclical adjustments, improve the quality and efficiency of financial services for the high-quality development of the real economy, focus on expanding domestic demand, optimizing supply, preventing and resolving risks, stabilizing social expectations, and creating a favorable monetary and financial environment for stable economic growth, high-quality development, and stable operation of financial markets. As the main policy tool of macroeconomic regulation, monetary policy has a profound impact on economic operation. Around monetary policy, the People's Bank of China Work Conference has made a series of deployments: "promoting high-quality economic development and reasonable price recovery as important considerations of monetary policy," "flexibly and efficiently using various monetary policy tools such as reserve requirement ratio cuts and interest rate cuts," "maintaining sufficient liquidity," "maintaining relatively loose social financing conditions," etc. These systematic deployments provide specific guidance for continuing to implement a moderately loose monetary policy. ”Xie Guangqi, Director of the Monetary Policy Department of the People's Bank of China, introduced that, especially in terms of structure, it is necessary to give full play to the incentive and guidance role of structural monetary policy tools, optimize tool management, continue to do well in the "five major articles" of finance, and strengthen support for key areas such as expanding domestic demand. Regarding this, the meeting clarified the relevant arrangements: further improve the policy framework of the "Five Great Articles" in finance, implement a good assessment and evaluation system, strengthen the evaluation of financial service effectiveness, and enhance the level of specialization and refinement of financial services. Improve the structural monetary policy tool system, optimize tool design and management, and strengthen financial support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises. High quality construction and development of the bond market 'technology board'. The reporter learned from the meeting that through the bond market's "technology board", over 700 entities issued technology innovation bonds worth more than 1.5 trillion yuan last year. Cao Yuanyuan, the head of the Financial Market Department of the People's Bank of China, introduced that since the launch of the "Technology Board" in the bond market, 264 enterprises in the interbank bond market have issued about 660 billion yuan of technology innovation bonds, covering 28 provinces across the country; The term of corporate bond issuance has been further extended, with 60% of companies issuing bonds with a term exceeding 3 years; Private enterprises have a high participation rate, accounting for over 20%. To improve the efficiency of fund utilization, it is necessary to further facilitate the transmission of monetary policy. The People's Bank of China has proposed to give full play to the guiding role of policy interest rates this year, and to ensure the implementation and supervision of interest rate policies. Xie Guangqi introduced that the People's Bank of China will improve the market-oriented interest rate formation, regulation, and transmission mechanism, streamline the transmission relationship between policy interest rates and various market interest rates, and promote the low operation of social comprehensive financing costs. Strengthen policy communication and expectation guidance, enhance coordination and cooperation between monetary policy, fiscal policy, industrial policy, and other policies in demand management and structural adjustment, and further smooth the transmission mechanism. Supporting qualified foreign financial institutions to participate in new business pilot projects in China, improving domestic and international market connectivity, and perfecting policy arrangements for cross-border use of RMB... Information from the conference shows that China's high-level financial opening is steadily expanding. To continue deepening financial reform and opening up, the People's Bank of China has made a series of arrangements: continue to optimize the "Bond Connect" and "swap link" mechanism arrangements, promote financial institutions to improve cross-border financial services, improve the cross-border use of RMB infrastructure, and expand the scope of rapid payment system interconnection... Risk prevention and control is the eternal theme of financial work. The work conference of the People's Bank of China proposed to "prudently resolve financial risks in key areas" and made clear arrangements for multiple areas: continue to do a good job in resolving debt risks of financial support financing platforms, and steadily and orderly promote the exit of financing platforms. Promote risk management in key regions and institutions, strengthen risk identification and early correction of small and medium-sized financial institutions. Establish a mechanism arrangement to provide liquidity to non bank institutions in specific scenarios, and effectively utilize two monetary policy tools to support the capital market. The relevant person in charge of the People's Bank of China stated that we must adhere to the general tone of seeking progress while maintaining stability, give full play to the integrated effect of incremental policies and stock policies, promote high-quality financial development, and contribute to the success of the 15th Five Year Plan. (New Society)