China's Central Bank: Ensure Effective Financial Support for AI Industry Development

On October 19, Pan Gongsheng, Governor of the People's Bank of China, stated at the opening ceremony of the 2026 Financial Street Forum Annual Conference that the rapid global development of artificial intelligence is exerting profound impacts on productivity, investment, employment, income distribution, financial stability, and other areas. From the People's Bank of China's perspective, it will closely track and assess the macroeconomic implications of AI development, strengthen financial support for the AI industry, and prudently advance the application of artificial intelligence in the financial sector.