Group 1 - The core viewpoint of the meetings is a more positive assessment of the economic situation, highlighting that China's economy is showing signs of improvement, with social confidence being continuously boosted and high-quality development being steadily advanced, while still facing challenges such as insufficient domestic demand and low price levels [1] - The meeting emphasized the need for an appropriately accommodative monetary policy, enhancing counter-cyclical adjustments, and better utilizing both the total and structural functions of monetary policy tools to maintain stable economic growth and reasonable price levels [1][2] - The focus on strengthening domestic circulation has been elevated, with a call to balance total supply and demand, enhance macro policy coordination, and effectively implement both existing and new policies to stimulate domestic demand and economic recovery [3] Group 2 - The key point for expanding domestic demand and stabilizing growth is to boost consumption, with the People's Bank of China establishing a 500 billion yuan service consumption and pension refinancing fund to encourage financial institutions to support key sectors such as accommodation, dining, and entertainment [4] - A joint guideline was released by multiple departments to support and expand consumption, outlining measures to enhance consumer capacity, expand financial supply in consumption areas, and optimize the consumption environment [4] - The guideline aims to create a multi-level financial service system to support consumption growth, coordinating various financial resources to meet diverse financing needs of businesses and consumers, thereby promoting high-quality consumption supply [4]
央行这场会议,释放哪些信号
Jin Rong Shi Bao·2025-06-29 08:54