The 2026 People's Bank of China (PBOC) Work Conference was held on January 5–6. The meeting emphasized the need to improve the system of structural monetary policy tools, optimize tool design and management, and strengthen financial support for key areas such as expanding domestic demand, technological innovation, and small and micro enterprises. Efforts will be made to build and develop the “Technology Board” of the bond market to high standards.Make effective use of re-lending facilities for consumer services and elderly care to promote increased credit allocation in the consumer services sector. Optimize the management of re-lending and rediscounting facilities for agriculture and small and micro enterprises to enhance financial institutions’ capacity to serve these enterprises. Strengthen supervision of key supply chain financing information service platforms.