事关债市、稳定币、个人征信等 潘功胜称多项政策举措即将实施
Bei Ke Cai Jing·2025-10-27 14:29

Core Viewpoint - The People's Bank of China (PBOC) will maintain a supportive monetary policy stance, implementing moderately loose monetary policies and utilizing various tools to ensure liquidity arrangements across short, medium, and long terms [1] Group 1: Monetary Policy and Market Operations - The PBOC plans to resume open market operations for government bonds, which were previously suspended due to imbalances in supply and demand and accumulated market risks [2] - The resumption of government bond trading is seen as a significant measure to enhance the financial function of government bonds and improve the pricing capabilities of financial institutions [2][3] Group 2: Digital Currency and Virtual Currency Regulation - The PBOC aims to optimize the management system for digital currency and will continue to combat domestic virtual currency speculation [4] - The central bank has established international and operational centers for digital currency in Shanghai and Beijing, respectively, to promote its development [4] - The PBOC will work with law enforcement to address the risks associated with virtual currency trading and maintain financial order [4] Group 3: Credit Repair Policies - The PBOC is researching policies to support individuals in repairing their credit, particularly for those who have defaulted due to uncontrollable circumstances like the COVID-19 pandemic [6] - A one-time credit relief policy is being considered for individuals who have repaid loans but still have negative credit records [6] Group 4: Macro-Prudential Management - The PBOC will enhance its macro-prudential management framework to prevent systemic financial risks, focusing on monitoring and assessing financial risks [7][8] - The central bank plans to strengthen regulations on systemically important banks and improve the management of cross-border capital flows [8][9] - There will be an emphasis on improving the legal framework for macro-prudential management to ensure effective governance [9]