潘功胜：“十四五”期间推出债券市场“科技板” 基本建成多层次债券市场框架

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the importance of a dual-pillar framework for monetary and macro-prudential policies during the 14th Five-Year Plan, aiming for currency stability and financial stability to support high-quality economic development [1] Group 1: Monetary Policy - The PBOC is constructing a scientific and robust monetary policy system, with a modern monetary policy framework that is continuously improving, effectively promoting reasonable growth in financial volume, steadily decreasing financing costs, and optimizing credit structure to maintain currency stability [1] Group 2: Macro-Prudential Policy - The PBOC is enhancing the macro-prudential policy framework and establishing mechanisms for systemic financial risk prevention and resolution [1] Group 3: Financial Market Development - The PBOC is improving the financial market and its infrastructure, having launched a "Technology Board" in the bond market, and is working towards a multi-tiered bond market framework, with orderly connections between the Chinese market and global financial markets, leading to a steady increase in foreign investment participation [1] Group 4: Financial System Openness - The PBOC is building a higher-level open financial system to support the overall financial development strategy [1]