Pan Gongsheng: Strengthen financial support for the development of the AI industry

At the opening ceremony of the 2026 Financial Street Forum Annual Conference, People’s Bank of China (PBOC) Governor Pan Gongsheng noted that the rapid global advancement of artificial intelligence (AI) is profoundly impacting productivity, investment, employment, income distribution, and financial stability. He stated that the PBOC will closely monitor and assess the macroeconomic implications of AI development, actively support the growth of the AI industry through financial means, and prudently advance AI applications in the financial sector.