PBOC’s Pan Gongsheng Pledges Tech-Finance Push for Innovation Hubs

TREE NEWS update: People’s Bank of China Governor Pan Gongsheng said the central bank will accelerate building a technology-finance service system aligned with the core functions and international positioning of international science and technology innovation centers. Speaking at the opening of the 2026 Financial Street Forum, he said the PBOC, with the Ministry of Science and Technology and nine other departments, issued guidance on financial support for building such centers in Beijing-Tianjin-Hebei, Shanghai-Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area. The PBOC will expand relending, the bond market’s “tech board” and cross-border investment and financing policies in these regions.