Core Insights - The People's Bank of China (PBOC) has released the "China Financial Stability Report (2025)", emphasizing the expansion of its role in maintaining financial market stability [4] Group 1: Financial Market Stability - The PBOC aims to create tools such as securities, fund, and insurance company swap facilities, as well as stock repurchase and increased loan support to promote stable development in the capital market [4] - The report highlights the need for improved communication with the market regarding long-term government bond yields to mitigate potential market risks associated with a unilateral decline in these yields [4] Group 2: Foreign Exchange Market Management - The PBOC is enhancing the "macro-prudential + micro-regulation" management framework for the foreign exchange market to ensure its stable operation [4]
央行：创设证券、基金、保险互换便利和股票回购增持再贷款两项工具
Bei Jing Shang Bao·2025-12-26 12:44