中国人民银行党委书记、行长潘功胜：精准有效推进金融支持重点产业提质升级

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the importance of maintaining financial stability and supporting the real economy while enhancing financial regulation and reform since November 2024 [1] Group 1: Monetary Policy - The PBOC plans to implement a moderately loose monetary policy to create a favorable financial environment for economic recovery, ensuring that social financing and money supply growth align with economic growth and price expectations [2] - The central bank aims to enhance the efficiency of fund utilization and maintain liquidity while managing interest rates and preventing excessive fluctuations in the exchange rate [2] Group 2: Financial Regulation - There will be a focus on strengthening and improving financial regulation, including addressing irrational competition among financial institutions and enhancing consumer protection [2][3] - The PBOC will implement a comprehensive regulatory framework to combat illegal financial activities and improve the legal framework governing finance [2][3] Group 3: Financial Services to the Real Economy - The PBOC will prioritize high-quality financial services to support key sectors such as technology innovation, consumption, small and micro enterprises, and foreign trade [3] - Financial institutions are encouraged to enhance their specialized capabilities to better serve these sectors [3] Group 4: Structural Reforms - The PBOC will continue to deepen supply-side structural reforms in finance, including improving the central bank's system and enhancing the transmission mechanism of monetary policy [3] - There will be a push for the development of the bond market and reforms in the stock market to promote high-quality growth in direct financing [3] Group 5: Financial Openness and Security - The PBOC aims to advance high-level financial openness while ensuring national financial security, including promoting the internationalization of the Renminbi and enhancing its global functions [4] - The central bank will also focus on building a cross-border payment system and monitoring international economic trends that may impact China [4] Group 6: Risk Prevention - The PBOC will strengthen the monitoring and assessment of systemic financial risks and support the market-oriented transformation of financing platforms [4] - Efforts will be made to improve the financing system in line with new real estate development models and enhance the governance of small and medium-sized financial institutions [4]