中国人民银行货币政策委员会2025年第三季度例会：建议加强货币政策调控 提高前瞻性、针对性、有效性

Core Insights - The People's Bank of China emphasizes the need for a stable capital market through various monetary policy tools and structural measures to support economic recovery and high-quality development [1][2][4] Monetary Policy and Economic Environment - The current external economic environment is increasingly complex, with weakening global growth and rising trade barriers, while domestic economic performance shows steady improvement despite challenges like insufficient demand and low prices [2][3] - The meeting highlighted the importance of maintaining an appropriately loose monetary policy and enhancing counter-cyclical adjustments to promote stable economic growth and reasonable price levels [2][3] Future Monetary Policy Directions - The focus will be on strengthening monetary policy regulation, improving its foresight, targeting, and effectiveness, and ensuring that monetary supply aligns with economic growth and price expectations [3][4] - There is a commitment to maintaining ample liquidity and guiding financial institutions to increase credit supply, thereby matching social financing scale and money supply growth with economic targets [3] Financial Market Stability - Large banks are encouraged to play a key role in serving the real economy, while smaller banks should focus on their core responsibilities and enhance capital strength to jointly maintain financial market stability [4] - The meeting discussed the effective implementation of structural monetary policy tools to support sectors like technology innovation, consumption, small and micro enterprises, and foreign trade [4] Real Estate and Financial Services - There is a focus on stabilizing the real estate market by enhancing financial support for existing properties and land, and improving the foundational financial systems for real estate development [4] - The meeting also emphasized the importance of supporting the development of the private economy and facilitating financing for small and micro enterprises [4]