央行：动态评估完善货币政策框架，丰富货币政策工具箱

Core Viewpoint - The meeting led by the Governor of the People's Bank of China emphasized the importance of implementing the central economic work conference's spirit and aligning with the national financial system's requirements to ensure effective macroeconomic management and financial governance [1][2][6]. Group 1: Economic Performance and Policy Direction - The meeting highlighted that despite external pressures and internal challenges, China's economy has made significant progress, achieving major social and economic development goals, marking a successful conclusion to the 14th Five-Year Plan [2][8]. - The meeting underscored the need for the People's Bank of China to guide its work by Xi Jinping's thoughts, fully implement the spirit of the 20th National Congress, and adhere to a stable yet progressive work approach [2][8]. Group 2: Monetary Policy and Financial Stability - The meeting called for the continuation of a moderately loose monetary policy, focusing on stabilizing economic growth and ensuring reasonable price recovery as key considerations for monetary policy [4][10]. - It was emphasized to enhance financial support for the real economy, particularly in areas like expanding domestic demand, technological innovation, and support for small and micro enterprises [4][10]. - The meeting also stressed the importance of preventing and mitigating financial risks, maintaining financial stability, and ensuring a balanced approach to economic growth and financial risk prevention [4][11]. Group 3: Institutional and Structural Reforms - The meeting outlined the need to strengthen the central bank's institutional framework, improve the monetary policy system, and enhance the execution and transmission of monetary policies [3][9]. - It was noted that a comprehensive macro-prudential management system and mechanisms for systemic financial risk prevention should be established to ensure a resilient financial market [3][9]. Group 4: International Cooperation and Financial Openness - The meeting highlighted the importance of advancing high-level financial openness and maintaining national financial security, including promoting the internationalization of the Renminbi and developing a robust cross-border payment system [5][11]. - It was also mentioned that the People's Bank of China should actively participate in global financial governance reforms and enhance bilateral and multilateral financial cooperation [5][11].