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Recently, the Office of Financial Stability and Development Committee (FSDC Office) convened a meeting on maintaining the stability of interbank businesses. Participating banks said that interbank market performance improved markedly despite fluctuations a few days before, and that they will readily safeguard market order by maintaining a stable volume of interbank transactions with other small and medium-sized banks. The People’s Bank of China (PBC), the China Banking and Insurance Regulatory Commission (CBIRC), and the China Securities Regulatory Commission (CSRC) pledged continued support for the sound development of small and medium-sized banks while stressing that they will closely monitor market operation and severely punish the conduct disrupting market order. The PBC will use a mix of monetary policy tools to keep financial market liquidity reasonably adequate, and provide targeted liquidity support for small and medium-sized banks. Attendees at the meeting included China Development Bank, six large state-owned commercial banks, 12 joint-stock banks, Bank of Beijing, Bank of Shanghai, and Bank of Jiangsu.