People's Bank of China
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Headlines · 3
- PBOC's Pan Gongsheng says AI may raise inflation near term, lower it long term
People's Bank of China Governor Pan Gongsheng said at the Financial Street Forum on October 19, 2026 that AI's demand and supply effects may arrive on different timelines: near term it changes micro-level efficiency, drives investment and pushes inflation up, while over the medium and long term it could raise overall productivity and lower inflation, according to an Economic Observer report republished by Huxiu AI. He said the AI boom has become one of the main drivers of global stock market gains and that global financial markets are highly correlated and volatile, and he outlined three priorities: closely tracking AI's macroeconomic impact, supporting the AI industry through finance, and prudently advancing AI use in finance. The report also says the Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada, Reserve Bank of Australia and Bank of England have assessed AI's effects on investment, prices, employment, interest rates and financial stability this year, with no unified conclusion and no indication that policy has been adjusted as a result.
虎嗅 AI · 🔥 0 - NUCC says it processed record 4.64bn payment transactions on Oct 20, first deployed 'AI employee'
NUCC, the clearing house owned by the People's Bank of China, said it completed the second Double 11 peak-traffic safeguard round on the evening of Oct 20, when the platform processed 46.4 billion payment transactions in a single day, a record high, according to IT之家. NUCC said e-commerce platforms' final-balance payments and in-stock purchases created a transaction peak, and that the platform handled it steadily, with the system success rate at 100% and industry full-link operations safe and stable. The figures were self-reported; the reports cited no independent third-party measurement. NUCC also said it deployed an "AI employee" for the first time in this year's Double 11 safeguards, tracking and analysing safeguard units' operating data in real time and compressing full-link monitoring and analysis timeliness to the second level, and that it brought AI payments into its peak safeguard system for the first time.
IT之家 AI · 🔥 0 - PBOC to track AI's macro impact and support AI industry financing, governor says
Speaking at the opening of the 2026 Financial Street Forum on October 19, People's Bank of China Governor Pan Gongsheng said AI is developing rapidly worldwide and has profound effects on productivity, investment, employment, income distribution and financial stability. He said the central bank will closely track and assess AI's macroeconomic impact, do the financial support work for the AI industry, and prudently advance AI applications in finance. The remarks were reported by Securities Times and relayed by 36Kr Express.
36氪快讯 · 🔥 0
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