The People's Bank of China will maintain its "moderately loose" monetary policy, focusing on stable economic growth and reasonable price recovery, according to the central bank's fourth-quarter 2025 monetary policy implementation report.

Key areas for support include domestic demand, technological innovation, and micro, small and medium-sized enterprises.

The PBOC also committed to further enhancing its toolkit for policies on macroprudential and financial stability, alongside continued efforts to protect against systemic financial risks.