In its third-quarter 2026 monetary policy report, released on November 11, the People’s Bank of China said it would maintain a moderately accommodative policy stance and keep liquidity ample. It said it would adjust policy tools as economic and financial conditions change.
The central bank also said it would push loan pricing toward a wider range of benchmarks rather than relying primarily on the loan prime rate (LPR). It plans to guide financial institutions in exploring floating-rate loans linked to DR001.
Other developments reported in the November 12 roundup:
- Offshore trust tax: According to Xinhua, the State Taxation Administration said taxpayers had declared more than 160 billion yuan in individual income tax on offshore trust proceeds after a 90-day policy transition period. More than 120 billion yuan was collected in October, contributing to a nearly 90% rise in nationwide individual income tax revenue that month.
- Investor protection: According to Securities Times, a China Securities Regulatory Commission official said the regulator would continue to support representative litigation and advance compensation in securities misstatement cases. The official said the commission had imposed administrative penalties on Tongtech for violations including fraudulent issuance and misstatements.
- Shipbuilding: China State Shipbuilding said its subsidiary Dalian Shipbuilding and China Shipbuilding Trading had signed contracts for 20 very large crude carriers, each rated at 307,000 tonnes. Deliveries are planned for 2029–2030.
At the November 11 close, the Shanghai Composite rose 0.46%, while the Shenzhen Component gained 1.32% and the ChiNext index climbed 3.11%.