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PBOC to track AI's macro impact and support AI industry financing, governor says

AI summary

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.

In-depth insight

The comments put AI within the Chinese central bank's macro-impact monitoring and industry-financing agenda, spanning productivity, employment and financial stability.

#People's Bank of China#Pan Gongsheng#Financial Street Forum

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