China News Service, December 21. According to the news from the "People's Bank of China" WeChat public account on the 21st, the People's Bank of China held a meeting on the 20th to convey the spirit of learning from the Central Economic Work Conference, and to study, deploy and implement the work.
The meeting proposed to increase financial support for domestic demand and supply systems.
Give full play to the functions of monetary and credit policy tools, and strongly support the recovery and expansion of consumption, key infrastructure, and the construction of major projects in line with the national development plan.
The meeting proposed that the current work should focus on the following tasks:
The first is to implement a prudent monetary policy accurately and forcefully.
Various monetary policy tools such as open market operations will be comprehensively used to maintain reasonable and sufficient liquidity in the financial system.
Strengthen the implementation of prudent monetary policy, and keep the growth rate of broad money supply (M2) and social financing scale basically matching the nominal economic growth rate.
Continue to release the effectiveness of the reform of the loan market quotation rate (LPR), give full play to the role of the market-based adjustment mechanism of the deposit rate, and promote the stability and decline of corporate financing costs.
Optimize expectation management and keep the RMB exchange rate basically stable at a reasonable and balanced level.
The second is to increase financial support for domestic demand and supply systems.
Give full play to the functions of monetary and credit policy tools, and strongly support the recovery and expansion of consumption, key infrastructure, and the construction of major projects in line with the national development plan.
Adhere to the "two unwavering" principles, insist that enterprises of all types of ownership are treated equally, guide financial institutions to effectively strengthen and improve financial services, increase support for private small and micro enterprises, and further solve the financing problems of private small and micro enterprises.
Continue to promote bond financing support tools for private enterprises to support the reasonable bond financing needs of private enterprises.
Give full play to the dual functions of monetary policy tools in both volume and structure, and guide financial institutions to increase support for areas such as "agriculture, rural areas and farmers", technological innovation, green development, and inclusive pensions.
The third is to promote the smooth and healthy operation of finance.
Adhere to the positioning that houses are for living in, not for speculation, implement differentiated housing credit policies according to cities, meet the reasonable financing needs of the industry, and support rigid and improved housing needs.
Guide financial institutions to support the restructuring and mergers of the real estate industry, promote the prevention and resolution of risks in high-quality top real estate companies, and improve the asset and liability status of top real estate companies.
Promote the construction of the long-term rental real estate market, and accelerate the exploration of new real estate development models in accordance with the direction of both rental and purchase.
Improve the level of normalized supervision of platform companies' financial activities, guide platform companies' financial business to develop in a standardized and healthy manner, support platform companies to play their advantages in scenarios, data and technology, and play a greater role in promoting technological innovation, enhancing international competitiveness, and expanding domestic demand.
Continue to consolidate the responsibilities of all parties, promote the risk resolution of key enterprise groups, small and medium-sized financial institutions, and prevent regional and systemic financial risks.
The fourth is to deepen financial reform and opening up.
Steadily expand rules, regulations, management, standards and other institutional openings, further improve the management model of pre-establishment national treatment plus negative list, and create a first-class business environment that is market-oriented, ruled by law, and internationalized.
Strengthen the financial stability guarantee system and improve the financial stability guarantee fund management system.
Continue to promote the high-level opening up of the bond market to the outside world, and implement measures to facilitate foreign institutional investors to invest in China's bond market.
Improve the level of liberalization and facilitation of cross-border trade and investment, and expand the benefits of high-quality enterprises' foreign exchange receipts and payments facilitation policy.
The meeting emphasized that we must attach great importance to doing a good job at the end of the year and the beginning of the year.
Recently, the People's Bank of China has comprehensively used various monetary policy tools such as open market operations, medium-term lending facilities, and re-lending to increase liquidity. Since December 19, it has provided 358 billion yuan of new year funds through 14-day reverse repurchase operations. To meet market demand in a timely manner, maintain reasonable and sufficient liquidity at the end of the year, and promote the smooth operation of the financial market.
It is necessary to give full play to the effectiveness of policy tools such as re-loans for equipment renovation and renovation, and loan support programs for guaranteed delivery buildings, guide financial institutions to increase credit extension, support stable growth, employment, and prices, and strive to maintain economic operation within a reasonable range.
It is necessary to strengthen the guarantee of business continuity of important financial infrastructure, increase targeted work on payment and settlement, cash supply, and protection of financial consumer rights and interests, effectively improve the level of financial services, and better meet the reasonable financial needs of the general public.
(China New Finance and Economics)