央行：建立在特定情景下向非银机构提供流动性的机制性安排

Core Viewpoint - The People's Bank of China emphasizes the need to address financial risks in key sectors and enhance financial stability through various measures in 2026 [1] Group 1: Financial Risk Management - The focus for 2026 includes the prudent resolution of financial risks in key areas [1] - Continued efforts will be made to manage the debt risks of financing platforms and to orderly advance the exit of these platforms [1] - Risk disposal will be promoted in key regions and institutions, with an emphasis on identifying and correcting risks in small and medium-sized financial institutions [1] Group 2: Macro-Prudential Management - The central bank will enhance its macro-prudential management and financial stability functions [1] - There will be improvements to the macro-prudential and financial stability management toolbox [1] - A financial market monitoring indicator system will be developed, and exploration of macro-prudential management in financial markets will be initiated [1] Group 3: Liquidity Support and Regulation - Mechanisms will be established to provide liquidity to non-bank institutions under specific scenarios [1] - The effectiveness of two monetary policy tools supporting the capital market will be emphasized [1] - Financial market regulatory enforcement will be strengthened, with ongoing efforts to combat illegal activities in the financial market [1]