A magnitude-4.8 earthquake jolted Beichuan Qiang Autonomous County, Mianyang City, southwest China's Sichuan Province on Thursday, striking at a depth of 10 kilometers, according to the China Earthquake Networks Center (CENC).
No casualties or road disruptions have been reported so far, and power supply, communications, and transportation in the affected areas are operating normally.
Surveillance footage showed the earth shaking and lamps swaying as tremors were felt across the county.
The Sichuan Earthquake Administration has sent a work team to the disaster-stricken area to prepare for any necessary emergency relief operations.
Magnitude-4.8 earthquake hits Sichuan
Pan Gongsheng, governor of the People's Bank of China, China's central bank, said Monday that the central bank will join with other financial authorities to introduce a number of policy measures.
These include establishing a liquidity support facility to address large-scale redemptions by non-bank institutions, expanding the range of institutions eligible for the Standing Lending Facility, and promoting connectivity between the interbank and exchange bond markets.
Other policy measures to be introduced include pilot measures to facilitate foreign financial institutions' RMB purchase and sale business in the onshore foreign exchange market, and issuing guidelines regarding financial support for building international science and technology innovation centers in Beijing (Beijing-Tianjin-Hebei region), Shanghai (the Yangtze River Delta), and the Guangdong-Hong Kong-Macao Greater Bay Area, according to Pan.
Pan made the remarks while speaking at the opening ceremony of the Annual Conference of Financial Street Forum 2026 taking place from Oct. 19 to 22 in Beijing.
With a theme of "Building an Open Collaborative and Inclusive Ecosystem for Global Financial Development," this year's conference is expected to attract more than 400 prominent guests from over 40 countries and regions. The guests will participate in various activities, including the main forum, parallel forums, thematic conferences and side events.
China's central bank to introduce a number of policy measures
