[Pan Gongsheng: Maintain Basic Stability of the RMB Exchange Rate at a Reasonable and Balanced Level, Support Stable Development of the Capital Market] Jin10 News, January 22 – Pan Gongsheng, Governor of the People's Bank of China, stated in an interview that efforts will continue to ensure the smooth operation of financial markets. Expectations management will be strengthened to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Supervision and management of the bond market, foreign exchange market, money market, bill market, and gold market will be enhanced. Mechanistic arrangements will be established to provide liquidity to non-bank institutions under specific scenarios. The two monetary policy tools supporting the capital market will continue to be utilized to support the stable development of the capital market.