The 2026 People's Bank of China (PBOC) Work Conference was held on January 5–6. The meeting emphasized the need to continue providing financial support for resolving debt risks associated with financing platforms and to advance the phased withdrawal of these platforms in a steady and orderly manner. It also called for advancing risk resolution in key regions and institutions, as well as strengthening risk identification and early correction at small and medium-sized financial institutions.The central bank’s functions in macroprudential management and maintaining financial stability will be fully leveraged, and the toolkit for macroprudential and financial stability management will be refined. The financial market monitoring indicator system will be improved, and the implementation of macroprudential management in financial markets will be explored. Institutional arrangements will be established to provide liquidity to non-bank institutions under specific scenarios, and the role of the two monetary policy tools supporting the capital market will be fully utilized.We will strengthen market supervision and law enforcement in the financial sector and continue to crack down on illegal and non-compliant activities in financial markets.