The start of the authoritative department丨Integrity and innovation, serving the high-quality development of the real economy

Keeping upright and innovating to serve the high-quality development of the real economy

　　On the morning of March 3, the State Council Information Office held the ninth press conference of the series of "Authoritative Departments Talking about the Opening" series. Yi Gang, Governor of the People's Bank of China, and others introduced the situation of "firm confidence, integrity and innovation, and serving the high-quality development of the real economy" .

Create a suitable monetary and financial environment for high-quality economic development

　　This year is the first year to fully implement the spirit of the 20th National Congress of the Communist Party of China.

"The People's Bank of China will be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, implement the decision-making and deployment of the Party Central Committee, and provide strong financial support for the stable and healthy development of the economy." Yi Gang said that the People's Bank of China will accurately and effectively implement a prudent monetary policy. Create a suitable monetary and financial environment for high-quality economic development, improve the ability and quality of financial services for the real economy, better support key areas and weak links, strengthen the financial stability guarantee system, and keep the bottom line of systemic financial risks. Financial reform, orderly expansion of high-level opening up of the financial industry.

　　In recent years, my country has insisted on implementing a prudent and normal monetary policy, which has provided a solid foundation for price stability.

The exchange rate of the RMB against the US dollar fluctuates in both directions and has increased flexibility. Among various currencies in the world, the RMB is very stable. The flexible market-oriented exchange rate system has played an automatic stabilizer role in adjusting the macro economy and the balance of payments.

"In the next step, we will comprehensively use a variety of monetary policy tools to maintain reasonable and sufficient liquidity, and the growth rate of broad money and social financing basically matches the growth rate of the nominal economy. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level." Yi Gang said.

　　"We judge that the overall moderate inflation level in my country in 2023 is the main keynote." Liu Guoqiang, deputy governor of the People's Bank of China, said that my country's current supply is relatively sufficient, residents' inflation expectations are relatively stable, and there are favorable conditions for maintaining basically stable prices. In the short term, Inflationary pressures in my country are generally controllable.

　　Liu Guoqiang said that the People's Bank of China will adhere to the general tone of seeking progress while maintaining stability, implement a sound monetary policy accurately and forcefully, support the economic operation within a reasonable range, and keep the price level basically stable.

　　In order to support key areas such as small and micro enterprises and green development, the People's Bank of China has introduced a number of structural monetary policy tools in recent years. In 2022, the balance of inclusive small and micro loans in my country will be close to 24 trillion yuan, and the number of credit customers will exceed 56 million.

Up to now, carbon emission reduction support tools have issued more than 300 billion yuan in re-loans, and supported commercial banks in issuing more than 500 billion yuan in loans, which will reduce carbon emissions by 100 million tons of carbon dioxide equivalent in 2022.

　　"In the next step, we will continue to increase support for technological innovation, manufacturing, green and energy supply. We will further enhance inclusive financial services for small and micro enterprises, rural revitalization, and employment," Yi Gang said.

my country's financial industry is operating steadily and the overall risks are controllable

　　The Central Economic Work Conference held at the end of last year emphasized the need to "effectively prevent and defuse major economic and financial risks."

　　"In recent years, under the strong leadership of the Party Central Committee and the State Council, we have adopted a series of effective measures to prevent and defuse financial risks, keeping the bottom line of no systemic financial risks, and overall financial risks are restrained." Yi Gang express.

　　"In general, the operation of China's financial industry is stable, and the overall risks are controllable." Yi Gang said that my country's banking industry assets account for more than 90% of the financial industry, and its foreign exchange reserves have ranked first in the world for many years.

After more than ten years of continuous efforts, the People's Bank of China has completed the write-off tasks of the financial reform costs of state-owned commercial banks and rural credit cooperatives in the past last year, which has further consolidated the financial foundation of the modern central bank system and is conducive to better development. To achieve currency stability and financial stability.

　　Yi Gang said that in the next step, the People's Bank of China will work with other financial management departments to strengthen and improve modern financial supervision, strengthen the financial stability guarantee system, promote the disposal of financial risks in key areas, maintain high pressure on illegal financial activities, and suppress the risks of all parties. Responsibility for disposal, and resolutely guard the bottom line of preventing systemic financial risks.

The international status of RMB has been improved, and the network effect of international use has initially been obtained

　　With the continuous deepening of my country's economic development and the opening up of the financial industry, the functions of RMB as an international currency such as cross-border payment, investment and financing, reserves and pricing have been comprehensively enhanced, and the international status of RMB has been enhanced.

　　In 2022, my country's total cross-border RMB receipts and payments will reach 42 trillion yuan, an increase of 3.4 times compared to 2017, and RMB accounts for about 50% of the total cross-border receipts and payments in domestic and foreign currencies.

At present, the weight of the RMB in the International Monetary Fund's Special Drawing Rights ranks third, and more than 80 countries and economies around the world have included the RMB as a reserve currency, ranking fifth among the world's major reserve currencies.

　　In addition, the People's Bank of China has successively signed bilateral currency swap agreements with the central banks or monetary authorities of 40 countries and regions, with a total agreement of more than 4 trillion yuan. It has also authorized 31 RMB clearing banks in 29 countries and regions, covering major global markets. international Finance Center.

　　"Currently, the internationalization of RMB is facing a better environment and opportunities." Pan Gongsheng, vice-governor of the People's Bank of China and director of the State Administration of Foreign Exchange, introduced that after more than 10 years of development, with the establishment of RMB clearing banks and local currency swap networks, offshore RMB With the development of the market, the opening of the domestic financial market and the continuous improvement of the overseas layout of Chinese-funded financial institutions, the RMB has initially acquired the network effect of international use.

In addition, with the recovery of my country's economic growth momentum and the further opening of the financial market, the RMB's investment and risk-avoiding functions have been gradually enhanced, and with changes in the international geopolitical and economic development environment, the development of the international monetary system has become more diversified.

　　"In the next step, we will conscientiously implement the spirit of the 20th National Congress of the Communist Party of China, based on market-driven and independent choices of enterprises, coordinate development and security, and promote the internationalization of RMB in an orderly manner." Pan Gongsheng said.

(People's Daily reporter Wu Qiuyu)