央行重磅发文：稳妥有序推进金融领域人工智能大模型应用

Core Viewpoint - The People's Bank of China (PBOC) has implemented a moderately accommodative monetary policy in 2023, aiming to create a favorable monetary and financial environment for economic recovery and market stability [1][2]. Group 1: Monetary Policy Implementation - The PBOC has maintained reasonable growth in monetary credit by utilizing various tools such as open market operations and medium-term lending facilities to ensure ample liquidity [1][2]. - The central bank aims to reduce the overall financing costs in society by enhancing the market-oriented interest rate adjustment framework, leading to a decline in both deposit and loan rates [1][2]. - The PBOC is focusing on optimizing the credit structure by utilizing 500 billion yuan for consumer services and elderly care, as well as increasing the loan quotas for technological innovation and transformation [1][3]. Group 2: Financial Stability and Risk Management - The PBOC emphasizes the importance of risk prevention and resolution, enhancing the monitoring and assessment systems for financial risks [2][6]. - The central bank plans to maintain a reasonable growth of financial aggregates while ensuring that social financing conditions remain relatively loose [2][6]. - A comprehensive macro-prudential management system is being constructed to monitor and manage systemic financial risks effectively [6]. Group 3: Interest Rate and Exchange Rate Management - The PBOC is advancing interest rate marketization reforms to improve the transmission channels of monetary policy and enhance the pricing capabilities of financial institutions [4]. - The central bank aims to maintain the stability of the RMB exchange rate by ensuring that the market plays a decisive role in its formation [4][5]. Group 4: Financial Market Development - The PBOC is promoting the development of a multi-tiered bond market and enhancing the legal framework for corporate bonds to support financing for private technology enterprises [5]. - Efforts are being made to internationalize the RMB and expand its use in cross-border trade and investment [5].