构建科学稳健的货币政策体系和覆盖全面的宏观审慎管理体系
Xin Lang Cai Jing·2025-12-03 23:22

Group 1 - The core viewpoint emphasizes the construction of a scientific and robust monetary policy system and a comprehensive macro-prudential management system as strategic measures for promoting high-quality financial development and accelerating the establishment of a financial power during the 15th Five-Year Plan period [1][15] Group 2 - The importance of constructing a scientific and robust monetary policy system and a comprehensive macro-prudential management system is highlighted as essential for maintaining currency stability and financial stability, which are the dual goals of the central bank [2][16] - This construction is necessary for accelerating the establishment of a high-level socialist market economy and addressing issues of unbalanced and insufficient development [2][16] - It is also crucial for promoting high-quality financial development and transitioning from extensive to intensive growth in the financial sector [3][17] Group 3 - The monetary policy system and macro-prudential management system are identified as core components of the modern central banking system, which need to be complementary and supportive of each other [4][18] - The 2008 financial crisis underscored that price stability does not equate to financial stability, necessitating a robust macro-prudential management framework [4][18] Group 4 - The construction of a scientific and robust monetary policy system aims to achieve a dynamic balance among currency stability, economic growth, full employment, and balance of international payments [5][19] - Key relationships to manage include the short-term versus long-term dynamics, growth versus risk prevention, and internal versus external economic conditions [6][20] Group 5 - The main tasks for constructing a scientific and robust monetary policy system include optimizing the basic currency issuance mechanism, improving the market-oriented interest rate formation and transmission mechanism, and enhancing the structural monetary policy tool system [7][21] - Continuous improvement of the RMB exchange rate formation mechanism and ensuring effective transmission of monetary policy are also emphasized [8][22] Group 6 - The comprehensive macro-prudential management system aims to prevent and mitigate systemic financial risks, observing and responding to financial risks from a macro and counter-cyclical perspective [9][23] - The system should cover the interconnections between macroeconomic operations and financial risks, as well as key areas in financial markets and activities [10][24] Group 7 - The tasks for building a comprehensive macro-prudential management system include strengthening the monitoring and assessment of systemic financial risks, implementing risk prevention measures in key areas, and enriching the policy toolbox for macro-prudential management [11][26] - Establishing a financial stability guarantee system and enhancing financial security capabilities in line with the level of openness are also critical [13][28]