The Central Bank of China: Maintaining the smooth operation of the stock market, bond market, and foreign exchange market

  China News Service, Beijing, September 3 (Reporter Xia Bin) The People's Bank of China issued a statement on the 3rd, saying that its recently released "China Financial Stability Report (2021)" (hereinafter referred to as the "report") pointed out that it is necessary to properly handle financial development, The relationship between financial stability and financial security, improve financial risk prevention, early warning, disposal, and accountability systems, promote the reform of small and medium-sized financial institutions, focus on reducing credit risks, maintain the smooth operation of the stock market, bond market, and foreign exchange market, and strictly guard against external risk shocks .

  According to the report, overall, after years of governance, China's financial risks have been converged and controlled as a whole, and the financial industry has developed steadily and healthily. This has created a good financial environment for effectively responding to the impact of the new crown pneumonia epidemic and building a well-off society in an all-round way.

  The report also believes that the import pressure of China's national defense control of the epidemic is still relatively high, and the economic recovery is uneven and the foundation is not strong.

At the same time, financial risks are still multifaceted, regional financial risks still exist, some corporate debt default risks are increasing, and the risks of individual small and medium-sized banks are more prominent, all of which put forward higher requirements for maintaining financial stability.

  The report emphasizes that in the future, while continuing to coordinate and promote normalized epidemic prevention and control and economic and social development, it is necessary to maintain the continuity, stability and sustainability of macro-financial policies, and a stable monetary policy that is flexible, accurate, reasonable and appropriate, and enhances the vitality of micro-subjects , Vigorously support inclusive small and micro businesses, rural revitalization, manufacturing, technological innovation and green transformation and development, strengthen financial services to the real economy, and promote stable and healthy economic operations.

  At the same time, we will continue to deepen reform and opening up, further promote market-oriented reform of interest rates and exchange rates, steadily advance capital market reforms, and promote high-quality development of the bond market.

Deepen the reform of financial institutions, urge them to return to their roots and focus on their main business.

On the premise of effectively preventing risks, continue to expand high-level financial opening.

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