央行重磅发声,信息量大
Zhong Guo Ji Jin Bao·2025-10-24 13:20

Core Viewpoint - The meeting of the People's Bank of China emphasized the importance of implementing the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on financial stability and supporting economic growth through effective monetary policies [1][2]. Group 1: Financial Policy and Economic Stability - The People's Bank of China has introduced a series of monetary policy measures to maintain liquidity and support the stability of financial markets, including the stock, bond, and foreign exchange markets [1][2]. - The meeting highlighted the achievements of the past five years under the leadership of the Central Committee, noting that China's economy has maintained strategic stability and high-quality development despite complex international challenges [1][2]. Group 2: Strategic Planning and Financial Reform - The 20th Central Committee's Fourth Plenary Session provided a strategic framework for the next five years, focusing on building a modern socialist country and achieving the second centenary goal [2]. - The meeting underscored the importance of financial work as a key component of national development, with a commitment to deepening financial reforms and enhancing the financial system's ability to serve the real economy [2][3]. Group 3: Monetary Policy Framework - A scientific and stable monetary policy framework will be established, balancing short-term and long-term goals, and ensuring the health of the financial sector while supporting economic growth [3]. - The meeting called for dynamic improvements to the monetary policy framework and emphasized the need for a stable exchange rate for the Renminbi [3]. Group 4: Risk Management and Financial Stability - The meeting stressed the importance of a comprehensive macro-prudential management system to monitor and prevent systemic financial risks, ensuring the stability of financial markets [4]. - It was noted that collaboration with relevant departments is essential for addressing risks in local financial institutions and the real estate market [4]. Group 5: Financial Supply-Side Structural Reform - The focus will be on deepening financial supply-side structural reforms, including advancements in technology finance, green finance, and digital finance to better serve the real economy [5]. - The meeting highlighted the need for a transparent and resilient financial market system, along with the steady advancement of digital currency initiatives [5]. Group 6: Financial Openness and Security - The meeting outlined plans for promoting high-level financial openness while safeguarding national financial security, including the internationalization of the Renminbi and enhancing cross-border payment systems [5]. - The importance of participating in global financial governance and fostering bilateral monetary cooperation was also emphasized [5].