国务院最新报告！潘功胜：研究储备新的政策举措

Core Viewpoint - The People's Bank of China is committed to implementing a moderately loose monetary policy to support economic recovery and maintain financial stability [1][4]. Monetary Policy Implementation - The effectiveness of existing monetary policies is being enhanced, with a focus on maintaining ample liquidity and low social financing costs, which are crucial for boosting market confidence and responding to external shocks [2][4]. - A new package of monetary policy measures was introduced in May 2025, contributing to a reasonable growth in financial totals [2]. Financial Market Stability - The financial market has withstood significant external shocks since April 2025, with improved expectations and heightened confidence among market participants [2]. - The Central Government has coordinated efforts to maintain market stability through a combination of policy tools, including the role of the Central Huijin Investment Ltd. as a stabilizing fund [2]. Sector-Specific Financial Services - Financial services in key areas such as technology, green finance, and digital economy have seen substantial growth, with loans in these sectors increasing by 11.8%, 22.9%, and 12.9% respectively, significantly outpacing overall loan growth [2]. International Financial Cooperation - The cross-border payment system for the Renminbi (CIPS) has become a primary channel for international transactions, with the Renminbi now the largest currency for cross-border payments in China and among the top three globally for trade financing [3]. - Financial openness is being expanded, with efforts to enhance the international role of the Renminbi and improve mechanisms for foreign investors [3]. Future Policy Directions - The focus will be on maintaining liquidity and aligning monetary supply growth with economic growth and price stability, while also ensuring the stability of the Renminbi exchange rate [4]. - Continued emphasis on high-quality financial services for the real economy, particularly in technology innovation, consumption, and small enterprises [4]. Financial Risk Management - There is a strong commitment to preventing systemic financial risks, with ongoing monitoring and assessment of potential risks in key sectors [5]. - Support for the market-oriented transformation of financing platforms and reforms for small financial institutions is prioritized [5].