国务院关于金融工作情况的报告：下一步将着力提供高质量金融服务

Core Insights - The report presented to the Standing Committee of the 14th National People's Congress emphasizes the financial system's commitment to maintaining stability while enhancing support for the real economy, strengthening financial regulation, and deepening financial reform and opening-up [1][2][3] Group 1: Monetary Policy - The People's Bank of China has implemented a series of substantial monetary policy measures since September 2024, including further reductions in reserve requirements and interest rates to support technology innovation, consumption, small and micro enterprises, and stabilize foreign trade [1][2] - The execution and transmission of monetary policy have been strengthened, resulting in ample liquidity and historically low social financing costs, which positively impacts financial market confidence and economic recovery [1] Group 2: Financial Services Enhancement - Financial services in key areas and weak links have improved, with the establishment of a policy framework and mechanisms to support technology innovation, including the creation of a "Technology Board" in the bond market and increasing re-lending quotas for technology innovation and agricultural support [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: Regulatory and Structural Reforms - The report calls for the implementation of moderately loose monetary policies to create a conducive financial environment for economic recovery, alongside enhancing financial regulation and risk prevention measures [3] - Continuous efforts will be made to deepen supply-side structural reforms in finance and promote high-level bilateral financial openness while maintaining national financial security [3]