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On October 19, Pan Gongsheng, the Governor of the People's Bank of China, delivered a speech at the opening ceremony of the 2026 Financial Street Forum Annual Conference. He emphasized that the swift global expansion of artificial intelligence (AI) is exerting a far-reaching influence across various domains, encompassing productivity, investment patterns, employment dynamics, income distribution mechanisms, and the stability of the financial landscape. In light of this, the People's Bank of China will maintain a vigilant watch and conduct thorough evaluations of the macroeconomic ramifications associated with AI. Moreover, it will take proactive measures to extend financial support aimed at fostering the growth of the AI industry. Simultaneously, the bank will make steady progress in facilitating the integration and application of AI within the financial sector.
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