人民银行党委：维护股市债市汇市等金融市场平稳运行

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the importance of implementing a scientific and stable monetary policy system to maintain the stability of financial markets, including the stock, bond, and foreign exchange markets, in light of the recent directives from the 20th Central Committee of the Communist Party of China [1][2]. Group 1: Monetary Policy Framework - The PBOC aims to balance short-term and long-term goals, support economic growth while ensuring the health of the financial sector, and manage internal and external relationships effectively [2]. - The central bank will dynamically improve the monetary policy framework and enhance the execution and transmission of monetary policies 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 mechanisms 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 financial institutions, local government financing platforms, and address risks in the real estate market while maintaining strict financial discipline and regulatory rules [2]. 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 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]. - Initiatives will include the development of a cross-border payment system for the Renminbi that is self-controlled, multi-channel, and widely accessible [3].