China News Service, Beijing, April 3 (Reporter Xia Bin) The People's Bank of China announced on the 3rd that its Monetary Policy Committee's first quarter regular meeting of 2024 was recently held in Beijing. The meeting pointed out that it will increase its support for "market + security" housing. The intensity of financial support for the supply system.
The meeting stated that it is necessary to intensify the implementation of the monetary policies that have been introduced. Maintain reasonable and sufficient liquidity, guide reasonable credit growth and balanced release, and keep the scale of social financing and money supply in line with the expected goals of economic growth and price levels. Promote a moderate recovery in prices and keep prices at a reasonable level. We will improve the formation and transmission mechanism of market-based interest rates, enrich the monetary policy toolbox, give full play to the guiding role of the central bank's policy interest rates, release the effectiveness of the reform of loan market quoted interest rates and the market-based adjustment mechanism of deposit interest rates, and promote the stabilization and decline of corporate financing and residents' credit costs.
At the same time, we will deepen the market-oriented reform of the exchange rate, guide enterprises and financial institutions to adhere to the concept of "risk neutrality", implement comprehensive policies, correct deviations, stabilize expectations, resolutely correct procyclical behavior, resolutely prevent the risk of exchange rate overshooting, and prevent the formation of unilateral consensus. and self-reinforcement to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
The meeting also pointed out that differentiated housing credit policies should be accurately implemented according to city policies to better support rigid and improved housing needs, meet the reasonable financing needs of real estate companies of different ownerships equally, and promote the stable and healthy development of the real estate market. Increase financial support for the "market + guarantee" housing supply system and strive to build a new model of real estate development. Implement financial policies and measures to promote the healthy development of the platform economy. Effectively promote high-level two-way opening up of finance, and improve economic and financial management capabilities and risk prevention and control capabilities under opening conditions. (over)