央行副行长邹澜：完善结构性货币政策工具体系，支持科技创新发展

Core Insights - The People's Bank of China (PBOC) is implementing structural monetary policy tools to incentivize the development of technology finance, including the establishment of technology innovation relending in 2022 and technology innovation and technological transformation relending in 2024 [1][4] Group 1: Monetary Policy Tools - The PBOC has created multiple structural monetary policy tools to address structural issues, forming a framework that primarily relies on aggregate tools supplemented by structural tools [4] - A carbon emission reduction support tool has been launched, which has facilitated financial institutions in issuing green loans amounting to 1.4 trillion yuan, leading to an annual carbon reduction of over 250 million tons [4] Group 2: Financing for Innovation - For growth-stage and mature enterprises with established technological routes, indirect financing such as bank credit can quickly respond and guide social capital towards the technology sector [3] - For seed-stage and startup enterprises, as well as unpredictable leading-edge innovations, direct financing through capital markets offers better pricing efficiency and risk-sharing capabilities, suitable for high-risk, high-growth characteristics [3] Group 3: Future Directions - The PBOC aims to cultivate a financial market ecosystem that supports technological innovation, enhancing the capacity, intensity, and level of financial support [4] - There is a commitment to strengthen international exchanges and continuously improve the structural tool system based on theoretical and practical developments [4]