人民银行党委： 维护股市债市汇市等 金融市场平稳运行
Zhong Guo Zheng Quan Bao·2025-10-24 22:48

Core Viewpoint - The People's Bank of China (PBOC) is committed to implementing the spirit of the 20th Central Committee of the Communist Party of China, focusing on establishing a scientific and stable monetary policy system to maintain the stability of financial markets including the stock, bond, and foreign exchange markets [1][2]. Group 1: Monetary Policy Framework - The PBOC aims to construct a scientific and stable monetary policy system that balances short-term and long-term goals, supports real economic growth while ensuring the health of the financial sector, and manages internal and external relationships [2]. - The monetary policy framework will be dynamically improved, with a focus on enhancing the execution and transmission of monetary policy to create a favorable monetary environment for stable economic growth and high-quality development [2]. Group 2: Financial Risk Management - A comprehensive macro-prudential management system and a mechanism for systemic financial risk prevention and resolution will be established, focusing on monitoring, assessing, and warning against systemic financial risks [2]. - The PBOC will work with relevant departments to support local small and medium financial institutions, local government financing platform debt, and real estate market risk resolution, while maintaining strict financial and market discipline [2][3]. Group 3: Financial Supply-Side Structural Reform - The PBOC will deepen financial supply-side structural reforms, focusing on technology finance, green finance, inclusive finance, pension finance, and digital finance to enhance financial services for the real economy [3]. - Efforts will be made to improve the financial support for technological innovation and to ensure a more reasonable scale, structure, and regional layout of financial institutions [3]. Group 4: Financial Openness and Security - The PBOC will promote high-level financial openness while safeguarding national financial security, advancing the internationalization of the Renminbi, and expanding its use in trade [3]. - The development of a cross-border payment system for the Renminbi that is self-controlled, multi-channel, and widely covered will be prioritized [3].