潘功胜：探索拓展中央银行宏观审慎和金融稳定功能

Core Viewpoint - The People's Bank of China emphasizes the dual objectives of maintaining currency stability and financial stability, highlighting the importance of a robust monetary policy framework and macro-prudential management system as foundational tools for macroeconomic management [1][2]. Group 1: Monetary Policy and Macro-Prudential Management - The central bank aims to construct a scientifically sound monetary policy system and a comprehensive macro-prudential management framework to better integrate currency stability and financial stability, which is crucial for supporting the construction of a strong financial nation [1]. - The macro-prudential management framework has been explored in various sectors, including credit, capital, foreign exchange, and real estate markets, reflecting China's early adoption of macro-prudential concepts [1]. Group 2: Financial Risk and Economic Development - There is a need to closely monitor and assess the relationship between macroeconomic operations and financial risks, as high-quality financial development is fundamentally based on high-quality economic development [2]. - The financial market landscape in China has become increasingly sophisticated, necessitating the expansion of macro-prudential management coverage to address the complexities and interconnections within the financial system [2]. Group 3: Systemically Important Financial Institutions - Systemically important financial institutions pose significant risks if not managed prudently, requiring comprehensive assessments and additional regulatory measures to ensure their safe and sound operations [2]. - Collaboration across various sectors is essential for timely identification and action against systemic risks associated with these institutions [2]. Group 4: External Economic and Financial Risks - The external environment is becoming more complex and severe, with increased risks from geopolitical conflicts and trade protectionism, necessitating dynamic assessments of external shocks on China's economy and financial stability [2]. - Establishing robust defenses against external risk shocks is critical for maintaining stability in cross-border capital flows and exchange rates [2].