维护资本市场稳定！央行最新会议释放重要信号

Core Viewpoint - The People's Bank of China emphasizes the need for a moderately loose monetary policy to promote stable economic growth and maintain reasonable price levels amid external uncertainties and domestic challenges [5][6]. Monetary Policy - The meeting highlighted the importance of enhancing monetary policy regulation, increasing its foresight, targeting, and effectiveness based on domestic and international economic conditions [6][7]. - The central bank plans to ensure ample liquidity and support the reduction of comprehensive financing costs to boost consumption and effective investment [6][7]. Economic Conditions - The current economic indicators released by the National Bureau of Statistics have not met market expectations, indicating a need for policy adjustments [6]. - The external constraints on China's monetary policy have weakened following the Federal Reserve's recent interest rate cut [6]. Capital Market - The meeting reiterated the commitment to maintaining stability in the capital market and proposed utilizing securities, fund, and insurance company swap facilities along with stock buyback loans [5][8]. Real Estate Market - The meeting stressed the importance of stabilizing the real estate market and ensuring the effective implementation of existing financial policies [9]. - It called for large banks to enhance their role in serving the real economy while encouraging smaller banks to focus on their core responsibilities [9].