This newspaper, Beijing, February 12 (Reporter Wu Qiuyu) The fourth quarter of 2021 China's monetary policy implementation report released by the People's Bank of China shows that in 2021, my country's monetary policy reflects the requirements of flexibility, precision, reasonableness and moderation, forward-looking and stable , pertinence, effectiveness, and autonomy were further improved, major financial indicators continued to maintain strong growth on the basis of the high base in 2020, and financial support for the real economy was solid.
In 2021, new RMB loans will be 19.95 trillion yuan, a year-on-year increase of 315 billion yuan. At the end of the year, inclusive small and micro loans and manufacturing medium and long-term loans have increased by 27.3% and 31.8% year-on-year respectively.
At the end of 2021, the stock of broad money (M2) and social financing scale increased by 9.0% and 10.3% year-on-year, respectively, and the macro leverage ratio was 272.5%, down 7.7 percentage points from the end of the previous year.
The weighted average interest rate of corporate loans for the year was 4.61%, down 0.1 percentage points from 2020 and 0.69 percentage points from 2019.
The RMB exchange rate floated in both directions and remained basically stable at a reasonable and balanced level.
At the end of 2021, the central parity rate of the RMB against the US dollar was 6.3757 yuan, an appreciation of 2.3% from the end of the previous year.
The report proposes that in the next stage, a prudent monetary policy should be flexible and appropriate, increase cross-cycle adjustment, give full play to the dual functions of monetary policy tools in terms of total volume and structure, and focus on fully exerting, precise and advanced force. We will not engage in "flooding irrigation", but also meet the reasonable and effective financing needs of the real economy, and focus on increasing financial support for key areas and weak links, so as to achieve a better combination of stable total volume and excellent structure.