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潘功胜:将进一步探索拓展中央银行的宏观审慎和金融稳定功能
Sou Hu Cai Jing·2025-09-22 09:11

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the importance of maintaining financial stability and preventing systemic financial risks during the "14th Five-Year Plan" period, while also supporting the real economy [1][7]. Group 1: Financial Support and Risk Prevention - The PBOC aims to balance economic growth and risk prevention, recognizing that many economic issues manifest through financial channels and are interconnected with financial risks [3]. - Significant progress has been made in addressing key risk areas, including a reduction of over 60% in the number of financing platforms and a decrease of over 50% in financial debt scale compared to the beginning of 2023 [4]. Group 2: Financial Market Stability - The PBOC has maintained basic stability in the RMB exchange rate and has observed a low bond default rate, indicating a stable bond market [5]. - New monetary policy tools have been created to support capital market stability, including swap facilities and stock repurchase loans [5]. Group 3: Financial Stability Framework - The PBOC is advancing legislation related to financial stability and has established a financial stability guarantee fund to enhance risk monitoring and assessment [6]. - Key experiences include the importance of centralized leadership in financial work, a macro perspective on economic and financial risks, and the need for market-oriented risk resolution [6]. Group 4: Strengthening Financial Regulation - The PBOC is committed to enhancing financial regulation and combating financial corruption, emphasizing early identification and management of financial risks [7].