创造良好的货币金融环境——中国人民银行行长潘功胜谈经济金融热点问题

Core Viewpoint - The People's Bank of China (PBOC) is committed to maintaining a supportive monetary policy stance to foster economic recovery and financial market stability amid complex domestic and international challenges [2][3]. Monetary Policy - As of the end of September, the stock of social financing increased by 8.7% year-on-year, broad money (M2) rose by 8.4%, and the balance of RMB loans grew by 6.6%, indicating a historically low financing cost [2]. - The PBOC has utilized various monetary policy tools to ensure ample liquidity, contributing to a favorable monetary environment for economic recovery [2]. - The PBOC plans to resume operations in the secondary market for government bonds, which were previously suspended due to market imbalances and risks [2]. Credit System and Personal Credit Relief - The PBOC is developing a one-time personal credit relief policy to assist individuals who have defaulted on loans due to the pandemic but have since repaid them, aiming to improve their credit records [3]. - This policy is expected to be implemented in early next year after necessary preparations with financial institutions [3]. Digital Currency Management - The PBOC has established a digital RMB international operation center in Shanghai and an operation management center in Beijing to enhance the digital currency ecosystem [4]. - The central bank will continue to optimize the management system for digital RMB and support more commercial banks in becoming operational entities for digital RMB [4]. Macro-Prudential Management - The PBOC is advancing the construction of a comprehensive macro-prudential management system, which includes setting up cross-border financing parameters and improving real estate financial management [6]. - The focus areas for enhancing the macro-prudential management system include strengthening risk monitoring, improving risk prevention measures for key institutions, enriching the macro-prudential toolkit, and establishing efficient governance mechanisms [6].