China News Agency, Beijing, August 1 (Reporter Xia Bin) The People's Bank of China held a work conference for the second half of 2022 on the 1st, and made arrangements for the seven key tasks in the second half of the year. Among them, "maintaining stable and moderate growth of money and credit" ranked first.
The meeting called for the central bank system to adhere to the general principle of seeking progress while maintaining stability, maintain a reasonable and sufficient liquidity, increase credit support for enterprises, maintain the overall stability of the financial market, consolidate the trend of economic recovery, and focus on the implementation of policies and measures. Stabilize employment and prices, play the key role of effective investment, and keep the economy operating within a reasonable range.
Specifically, looking at the seven key tasks in the second half of the year, the first is to maintain a stable and moderate growth of money and credit, the second is to steadily resolve risks in key areas, the third is to improve the macro-prudential management system, the fourth is to deepen financial market reforms, and the fifth is to steadily improve the level of RMB internationalization 6 is to deeply participate in global financial governance, and 7 is to continuously improve the level of financial services and management.
The meeting stated that it is necessary to comprehensively use a variety of monetary policy tools to maintain reasonable and sufficient liquidity.
Guide financial institutions to increase loans to the real economy, and maintain sustained and steady growth of loans.
Guide the actual loan interest rate to remain stable with some decline.
Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Make good use of policy development financial tools, and focus on supporting the construction of infrastructure.
Increase financial support for private small and micro enterprises and other key areas.
The meeting said that it is necessary to prevent and defuse the risks of small and medium-sized banks.
Differentiated housing credit policies will be implemented according to city-specific policies.
Maintain the stability of financing channels such as real estate credit and bonds, and accelerate the exploration of new development models for real estate.
Urge platform enterprises to complete rectification in an all-round way, implement standardized, transparent, and predictable normalized supervision, and give full play to the role of the platform economy in creating employment and promoting consumption.
The meeting also pointed out that it is necessary to ensure the market access of financial holding companies and carry out all-round supervision of financial holding companies; steadily promote the pilot work of the integrated domestic and foreign currency capital pool of multinational companies; support overseas entities to issue "panda bonds", and steadily promote the "mutualization". The “Exchange” started work to improve the liquidity of RMB financial assets; further improve the management model of pre-establishment national treatment plus negative list in the financial sector to improve the convenience for foreign investors to invest in the Chinese market; orderly expand the pilot program of digital RMB, etc.