Why the central bank continues to implement a prudent monetary policy in the new normal of economic

Updated on Financial 2024-03-05
3 answers
  1. Anonymous users2024-02-06

    Beijing, 31 Jul (Xinzhi Potato Xinghua News Agency) -- This reporter learned from the People's Bank of China on 31 July that in the second half of the year, the People's Bank system should maintain macroeconomic policy stability, persist in not engaging in "flooding," enhance forward-looking effectiveness, and continue to focus on supporting the real economy with a prudent monetary policy.

    The People's Bank of China held a work conference for the second half of 2021 on the 30th, proposing that the prudent monetary policy in the first half of the year maintained continuity, stability and sustainability, providing strong support for the stable recovery of the economy. The development of the green gold hand system has been accelerated. Do a solid job in preventing and defusing financial risks.

    Promote the standardized development of the financial business of platform enterprises, and severely crack down on illegal activities of virtual currency.

    Talking about the key tasks in the second half of the year, the meeting pointed out that in the second half of the year, it will adhere to the principle of stability, and the prudent monetary policy should be flexible, precise, reasonable and moderate. Coordinate and accelerate the improvement of the green financial system as a whole. Promote the implementation of carbon emission reduction support tools, provide low-cost funds to eligible financial institutions, and guide financial institutions to provide preferential interest rate financing for key areas with significant emission reduction effects.

    At the same time, the relevant person of the People's Bank of China said that in the second half of the year, it will further promote financial opening in an orderly manner. Deepen financial reform in key areas. Carry out high-level opening-up pilot projects for cross-border investment.

    In addition, the meeting pointed out that it is necessary to effectively prevent and resolve major financial risks. Promote the reduction of the number of high-risk institutions in key provinces. Continue to strengthen macro-prudential management.

    Improve the macro-prudential policy framework. Implement a prudential management system for real estate finance. Promote the supervision of financial holding companies.

    Supervise and guide platform enterprises to make comprehensive rectifications in accordance with regulatory requirements, and maintain a high-pressure posture against speculation in virtual currency transactions.

  2. Anonymous users2024-02-05

    Xinhua News Agency "China ** Daily" published an article on the 3rd "Central Bank: Increase the Intensity of Prudent Monetary Policy Implementation Yun Weichang". According to the article, the People's Bank of China and the State Administration of Foreign Exchange held a press conference on June 2 to interpret the financial policies deployed by the executive meeting on solidly stabilizing the economy.

    Pan Gongsheng, deputy governor of the People's Bank of China and director of the State Administration of Foreign Exchange, said at the meeting that the People's Bank of China will implement a package of policy measures to stabilize the economy in accordance with the decision-making and deployment of the People's Bank of China, increase the implementation of the prudent monetary policy, and focus on enhancing the stability of total credit growth, highlighting key areas of financial support, and continuing to promote the reduction of corporate financing costs.

    Industry insiders said that monetary policy will increase efforts to bail out difficult industries, enterprises and people, and the economy will stabilize and rebound.

    Come to the source: Yangtze Evening News.

  3. Anonymous users2024-02-04

    CCTV***: The People's Bank of China said a few days ago (2nd) that it will adhere to the implementation of a prudent monetary policy in the second half of the year, maintain moderate tightness, and timely pre-adjust and fine-tune. Accelerate the transmission mechanism of monetary policy to the real economy, and make unremitting efforts to improve financial services for small and micro enterprises.

    While maintaining a high-pressure posture and a hard-hitting situation, small and distinctive financial institutions are encouraged to conduct business in accordance with laws and regulations.

    The central bank said that in the second half of the year, it is necessary to adhere to the implementation of a prudent monetary policy, maintain appropriate tightness, and timely pre-adjust and fine-tune. We should flexibly use a variety of monetary policy tools, carry out countercyclical adjustments in a timely and appropriate manner, maintain reasonable and sufficient liquidity, and guide the growth rate of broad money and social financing to match the growth rate of nominal GDP.

    At the same time, it is necessary to speed up the transmission mechanism of monetary policy to the real economy and further stimulate the vitality of the micro subjects of the market. Deepen the comprehensive reform of financial services for private and small and micro enterprises, ensure that the number of small and micro enterprise loans increases, loans are expanded, and loan costs are moderately reduced, and high-quality private enterprises are supported to expand the scale of bond financing.

    We will do a good job in preventing and defusing major financial risks, and maintain the bottom line of preventing systemic financial risks. While maintaining a high-pressure posture and a hard-hitting situation, small and distinctive financial institutions are encouraged to conduct business in accordance with laws and regulations. It is necessary to adhere to the positioning that houses are for living, not for speculation, and continue to strengthen the control of funds in the real estate market.

    In addition, the PBOC said that in the second half of the year, it will continue to relax market access, steadily promote the opening of the RMB capital account, and promote the expansion of cross-border use of RMB. Accelerate the pace of research and development of China's legal digital currency, track and study the development trend of virtual currency at home and abroad, and continue to strengthen the rectification of Internet financial risks.

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