# fiscal coordination

PBoC Signals Continued Credit Ease to Back Growth as Zhejiang Tech Boom Boosts Markets

PBoC Governor Pan Gongsheng said the central bank will keep monetary policy appropriately loose and maintain relatively easy social financing to support growth, while cracking down on irregularities in accounts‑receivable financing and coordinating more closely with fiscal authorities. The stance aims to sustain credit access for firms — especially a booming tech sector in Zhejiang — while addressing risks from opaque financing channels.