CRCL

<p>Pan Gongsheng stated that over the past year, the People's Bank of China has maintained a supportive monetary policy stance and has introduced multiple monetary policy measures in terms of quantity, price, and structure, effectively supporting the continuous recovery and improvement of the economy and the stability of the financial market</p>

- The 2025 Lujiazui Forum opened in Shanghai, featuring a keynote speech by People's Bank of China Governor Pan Gongsheng, who highlighted the effective transformation of the central bank's monetary policy framework over the past year.  
- He discussed the evolving international monetary system, emphasizing the need for sovereign currency nations to enhance fiscal discipline and financial regulation while addressing the challenges posed by emerging technologies in cross-border payments.  
- Pan also noted the increasing discussions on reforming the monetary system, advocating for a diversified approach to international currencies and improved global financial governance.

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Pan Gongsheng makes a significant statement! Involving the transformation of the monetary policy framework, stablecoins are mentioned for the first time