The People's Bank of China (PBOC) released its 2026 second-quarter monetary policy implementation report, proposing to continue implementing a moderately loose monetary policy with targeted support for digital economy, artificial intelligence, and consumption infrastructure projects.
The central bank will arrange Pledged Supplementary Lending (PSL) quotas to support policy-based financial institutions in deploying new policy financial instruments. These instruments will supplement capital for major projects, with key support directed toward digital economy, AI, consumption infrastructure, as well as urban renewal in transport, energy, and underground pipeline construction.
The move signals that AI infrastructure has been elevated to a strategic priority at the national monetary policy level, recognizing the technology's critical role in driving economic transformation and high-quality development.
This policy support aligns with the broader national strategy outlined in the State Council's "AI+ Action" guidelines, which call for deep integration of AI with six key sectors by 2027, with next-generation intelligent terminals and agents targeting over 70 percent adoption rates.
The central bank's prioritization of AI and digital economy infrastructure is expected to channel significant financial resources toward computing power facilities, data centers, and AI application development, further strengthening China's domestic AI ecosystem.
Source: Qianjia.com / PBOC, August 13, 2026
