The 2026 People's Bank of China (PBOC) Work Conference was held on January 5–6. The meeting emphasized that the following tasks should be prioritized in 2026: prudently resolving financial risks in key areas.Continue to provide financial support for resolving debt risks associated with financing platforms, and proceed with their exit in a prudent and orderly manner. Advance risk resolution in key regions and institutions, and strengthen risk identification and early correction at small and medium-sized financial institutions. Fully leverage the central bank’s functions in macroprudential management and financial stability, and refine the macroprudential and financial stability management toolkit.Improve the financial market monitoring indicator system and explore the implementation of macroprudential management of financial markets. Establish institutional arrangements to provide liquidity to non-bank financial institutions under specific scenarios, and fully leverage the role of the two monetary policy tools supporting the capital market. Strengthen financial market regulatory enforcement and continue to crack down on illegal and non-compliant activities in financial markets.