人民银行行长潘功胜透露下一步工作考虑 全面提升人民币计价、支付、投融资、储备等国际货币功能

Core Insights - The People's Bank of China (PBOC) is committed to implementing a moderately accommodative monetary policy to support economic recovery and stability in the financial market [1][4]. Group 1: Financial Market Stability - The PBOC has faced significant challenges due to global financial market turbulence since April 2025, prompting a coordinated policy response to maintain market stability [1]. - The central bank is exploring various monetary policy tools to enhance the effectiveness of its policies and ensure the smooth operation of capital markets [1][4]. Group 2: Financial Services Improvement - Financial services in key areas have improved, with the establishment of a policy framework and mechanisms to support technology innovation and small enterprises [2]. - By September 2025, loans for technology, green initiatives, inclusive finance, elderly care, and digital economy sectors grew significantly, with increases of 11.8%, 22.9%, 11.2%, 58.2%, and 12.9% respectively, all surpassing the overall loan growth rate [2]. Group 3: Cross-Border Payment System - A comprehensive cross-border payment system for the Renminbi has been established, enhancing its role in international transactions [2][3]. - The Renminbi has become the largest currency for cross-border payments in China and ranks among the top three currencies for trade financing globally [3]. Group 4: Risk Management - Significant progress has been made in mitigating financial risks, particularly for small and medium-sized financial institutions, through measures such as mergers, market exits, and debt risk resolution [3]. - By September 2025, the number of financing platforms and the scale of operating financial debt decreased by 71% and 62% respectively compared to March 2023, indicating a reduction in risk [3]. Group 5: Future Policy Directions - The PBOC plans to continue implementing a moderately accommodative monetary policy, ensuring liquidity remains ample and aligning social financing growth with economic growth targets [4]. - The focus will be on enhancing financial services for the real economy, particularly in technology innovation, consumption, small enterprises, and foreign trade [4][5].