Xinhua News Agency, Beijing, September 28 (Reporter Wu Yu) The People's Bank of China announced on the 28th that it will strive to break through the various blocking points of currency transmission, continue to release the potential of reforms to promote lower loan interest rates, and comprehensive measures to promote comprehensive financing costs. Decline, guide financial institutions to increase their support to the real economy, and ensure that the focus of new financing flows to manufacturing, small, medium and micro enterprises.

　　The Monetary Policy Committee of the People's Bank of China held its regular meeting for the third quarter of 2020.

The meeting believed that the prudent monetary policy embodies the forward-looking, precise and time-effectiveness, and vigorously supports the prevention and control of the epidemic, the resumption of work and production, and the development of the real economy.

The conversion of the pricing benchmarks for stock floating-rate loans was successfully completed, the dividends from the interest rate reform of the loan market quotation continued to be released, and the loan interest rate dropped significantly.

The RMB exchange rate is generally stable, and the flexibility of two-way floating has increased.

　　The meeting pointed out that a prudent monetary policy should be more flexible, moderate, and precise.

It is necessary to effectively play the role of precise drip irrigation of structural monetary policy tools, improve the "directness" of policies, continue to make good use of the 1 trillion yuan inclusive re-loan rediscount line, and implement monetary policy tools directly to the real economy to ensure inclusiveness Small and micro loans should be extended as far as possible to effectively increase the proportion of inclusive small and micro credit loans.

　　The meeting emphasized that the service focus of large banks should be guided to sink, and small and medium-sized banks should focus on their main responsibilities and main businesses.

It is necessary to promote the formation of a mutually supportive triangular framework for the supply system, demand system, and financial system, and accelerate the formation of a new development pattern in which the domestic and international dual cycles are the mainstay and the domestic and international dual cycles promote each other.

Further expand the high-level two-way opening of finance, and improve the economic and financial management capabilities and the ability to prevent and control risks under open conditions.

We will fight a tough battle to prevent and resolve major financial risks, and achieve a long-term balance between stable growth and risk prevention.