维护资本市场稳定！央行会议，最新信号

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the need for a moderately loose monetary policy to support stable economic growth and maintain reasonable price levels, while also addressing challenges such as insufficient domestic demand and low inflation [1][2][3]. Monetary Policy Adjustments - The PBOC's monetary policy committee meeting highlighted the importance of enhancing counter-cyclical adjustments and increasing the intensity of monetary policy regulation to promote economic stability [2][3]. - The meeting suggested improving the forward-looking, targeted, and effective nature of monetary policy, adapting to domestic and international economic conditions [2][3]. Economic Indicators and Market Stability - Recent economic indicators released by the National Bureau of Statistics have underperformed market expectations, prompting the PBOC to ensure ample liquidity and support for consumption and effective investment [3][4]. - The PBOC aims to maintain stability in the financial market and ensure the RMB exchange rate remains stable at a reasonable level [3][4]. Capital and Real Estate Markets - The meeting reiterated the need to maintain stability in the capital market and proposed utilizing various financial instruments to support market stability [2][4]. - For the real estate market, the PBOC emphasized the importance of stabilizing the market and effectively implementing existing financial policies [4]. Banking Sector Focus - The meeting called for large banks to play a key role in providing financial services to the real economy, while encouraging smaller banks to focus on their core responsibilities [4].