央行、外汇局，最新表态！事关降准降息、物价、人民币汇率等

Group 1 - The core viewpoint of the news is that the People's Bank of China (PBOC) is implementing various monetary policy measures to support the high-quality development of the real economy, including interest rate cuts and increased lending to key sectors [1][2][4] Group 2 - The PBOC will lower the interest rates of various structural monetary policy tools by 0.25 percentage points, with the one-year re-lending rate decreasing from 1.5% to 1.25% [3] - The PBOC will merge the re-lending for agriculture and small enterprises with rediscounting, increasing the re-lending quota for agriculture and small enterprises by 500 billion yuan, with a separate quota of 1 trillion yuan for private enterprises [3] - The re-lending quota for technological innovation and technological transformation will be increased from 800 billion yuan to 1.2 trillion yuan, expanding the support to include private small and medium-sized enterprises with high R&D investment [3] - The PBOC will establish a combined risk-sharing tool for bonds of technological innovation and private enterprises, providing a total re-lending quota of 200 billion yuan [3] - The PBOC will expand the support areas of carbon reduction tools to include energy-saving renovations and green upgrades [3] - The minimum down payment ratio for commercial property loans will be lowered to 30% to support the commercial real estate market [4] - Financial institutions will be encouraged to enhance their foreign exchange risk management services [4] Group 3 - The PBOC will flexibly conduct government bond trading operations to maintain liquidity and create a favorable monetary environment for government bond issuance [5][6] - There is still room for further cuts in reserve requirement ratios and interest rates, with the average reserve requirement ratio currently at 6.3% [7] - The PBOC aims to create a suitable monetary environment to promote reasonable price recovery while maintaining a moderately loose monetary policy [8] Group 4 - The PBOC emphasizes that it does not intend to devalue the currency to gain international trade advantages, maintaining a stable RMB exchange rate at a reasonable equilibrium level [9] - The PBOC will continue to improve policies for the cross-border use of the RMB and enhance foreign exchange risk management products for foreign trade enterprises [9] Group 5 - The PBOC will enhance financial support for the service consumption sector, including the health industry, by expanding the areas eligible for re-lending [10][11] - Measures will be taken to improve the financial environment for consumption, including optimizing payment services and implementing credit repair policies [11] Group 6 - The PBOC will accelerate the implementation of supportive measures for private enterprises, enhancing financial services and creating a better development environment for them [12] Group 7 - The State Administration of Foreign Exchange (SAFE) will focus on three key areas: enhancing foreign exchange facilitation reforms, promoting high-level opening-up, and ensuring effective regulation of the foreign exchange market [14][15] - SAFE will strengthen the long-term mechanism for foreign exchange risk management services for enterprises [16] Group 8 - SAFE aims to maintain the RMB exchange rate stability and enhance the resilience of the foreign exchange market while monitoring cross-border capital flows [19] - SAFE will promote the orderly issuance of Qualified Domestic Institutional Investor (QDII) investment quotas and enhance the openness of capital projects [20][21]