央行重磅定调：继续实施好适度宽松的货币政策

Core Viewpoint - The People's Bank of China (PBOC) is committed to implementing a moderately loose monetary policy to support economic growth, enhance financial services for structural transformation, and mitigate financial risks while promoting high-quality development [3][7]. Group 1: Monetary Policy and Economic Support - The PBOC has adopted a series of monetary policy measures, including lowering the reserve requirement ratio and interest rates, to ensure ample liquidity and reduce financing costs [3][4]. - As of June, loans in technology, green finance, inclusive small and micro enterprises, elderly care, and digital economy sectors grew by 12.5%, 25.5%, 12.3%, 43%, and 11.5% year-on-year, respectively [3][4]. Group 2: Financial Risk Management - The PBOC has made significant progress in addressing debt risks associated with financing platforms and has established a macro-prudential and financial stability committee to enhance risk management [4][8]. - The bank is focused on orderly risk resolution in key regions and institutions, with an emphasis on monitoring and managing financial risks [8][9]. Group 3: Financial Market Reforms and International Cooperation - The PBOC is advancing the internationalization of the Renminbi and enhancing cross-border payment systems, including the development of a digital currency and cooperation with multiple countries [4][9]. - The bank is also working on reforms in the bond market, including the establishment of a "technology board" to support innovation financing [8][9]. Group 4: Governance and Internal Management - The PBOC emphasizes strict governance and internal management, focusing on the implementation of the Party's directives and enhancing the quality of its workforce [6][10]. - Continuous efforts are being made to improve internal auditing, procurement, and security measures to strengthen overall management efficiency [10].