Zhongxin Finance, May 9. On the 9th, the central bank released the "China Monetary Policy Implementation Report for the First Quarter of 2022" (hereinafter referred to as the "Report"), proposing the next stage to maintain stable growth in the scale of monetary credit and social financing.
The "Report" proposes to pay close attention to the changes in various international and domestic uncertain factors, in-depth study and judgment of the liquidity supply and demand situation, comprehensively use a variety of monetary policy tools to maintain a reasonable and sufficient liquidity, and further improve the foresight, flexibility and effectiveness of operations, and stabilize good market expectations.
Improve the money supply control mechanism, continue to ease the three constraints of bank credit supply liquidity, capital and interest rates, cultivate and stimulate the credit demand of the real economy, guide financial institutions to make reasonable loans, enhance the stability of the growth of total credit, and maintain the money supply. The growth rate of social financing scale basically matches the nominal economic growth rate.
Improve the sustainable capital replenishment mechanism, replenish the capital of commercial banks through multiple channels, increase support for small and medium-sized banks to issue capital replenishment instruments such as perpetual bonds, and enhance the ability of banks to serve the real economy and prevent and resolve financial risks.
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