持续完善中央银行制度 支撑金融强国建设

Core Viewpoint - A strong central bank is essential for building a financial powerhouse, as highlighted in the recommendations from the 20th Central Committee of the Communist Party of China, which emphasizes the need for a scientific and robust monetary policy system and comprehensive macro-prudential management system to support high-quality financial development during the 14th Five-Year Plan period [1][2]. Group 1: Central Bank's Role and System - The central bank serves as the core of the financial system, evolving with economic changes and establishing widely accepted goals and functions. The People's Bank of China (PBOC) was established in 1948, marking the beginning of the exploration of the central banking system in China [2]. - The PBOC aims to maintain currency stability and financial stability as dual objectives, with the monetary policy system and macro-prudential management system serving as foundational tools for macro management [2][3]. - The PBOC's focus during the 14th Five-Year Plan includes enhancing the monetary policy framework, improving the macro-prudential management system, and ensuring effective policy transmission mechanisms [3][4]. Group 2: Monetary Policy Framework - A scientific and robust monetary policy system is crucial for sustainable economic growth, requiring a balance between price-based and quantity-based tools while addressing external shocks [4][5]. - The PBOC emphasizes the importance of maintaining a steady monetary policy, dynamically achieving a balance among currency stability, economic growth, full employment, and international balance of payments [5][6]. - The relationship between short-term and long-term goals, growth and risk prevention, and internal and external factors must be carefully managed to enhance financial stability and support economic transformation [6][7]. Group 3: Macro-Prudential Management - The macro-prudential management system is essential for preventing systemic financial risks, requiring improvements in cross-departmental and cross-market regulatory frameworks [8][9]. - The PBOC has initiated the construction of a macro-prudential policy framework since the 2008 financial crisis, establishing a system that reflects China's unique characteristics [8][10]. - The PBOC plans to enhance the monitoring and assessment of systemic financial risks, improve risk prevention measures for key institutions, and continuously enrich the macro-prudential management toolbox [10][11].