Group 1 - The People's Bank of China (PBOC) emphasizes the need for proactive monetary policy adjustments to align with domestic and international economic conditions, ensuring effective implementation of monetary measures [1][2] - The meeting highlights the importance of maintaining ample liquidity and guiding financial institutions to increase credit supply, matching social financing scale and money supply growth with economic growth and price level expectations [1][2] - The PBOC aims to enhance the resilience of the foreign exchange market, stabilize market expectations, and prevent excessive fluctuations in the RMB exchange rate [1][2] Group 2 - The analysis of the current economic landscape indicates a more complex external environment, with weakening global economic growth and increasing trade barriers, while domestic economic performance shows steady improvement despite challenges like insufficient domestic demand [2][3] - The meeting calls for large banks to play a crucial role in supporting the real economy, while smaller banks should focus on their core responsibilities and strengthen capital [3] - There is a strong emphasis on implementing structural monetary policy tools to support key areas such as technological innovation, consumption, small and micro enterprises, and stabilizing foreign trade [3][4] Group 3 - The PBOC stresses the importance of aligning with the directives from the 20th Central Committee and the Central Economic Work Conference, focusing on high-quality development and modernizing the economy [4] - The meeting underscores the need to enhance macro policy coordination, maintain policy continuity and stability, and stimulate domestic demand to sustain economic recovery [4]
央行货币政策委员会：保持流动性充裕 扎实做好金融“五篇大文章” 加力支持科技创新、提振消费、小微企业、稳定外贸等
Zhong Guo Zheng Quan Bao·2025-09-26 23:00