谈降准降息、人民币汇率、物价水平……央行、外汇局发布会 信息量满满

Group 1: Monetary Policy and Economic Support - The People's Bank of China (PBOC) has lowered the interest rates of various structural monetary policy tools by 0.25 percentage points, indicating that there is still room for further cuts in reserve requirement ratios and interest rates [1] - The PBOC emphasizes that the overall stability of the RMB exchange rate is supported by China's large market size, complete industrial chain, and the ongoing integration of technological and industrial innovation [1][2] - The PBOC will continue to implement a moderately accommodative monetary policy to promote reasonable recovery of prices and support economic stability [4] Group 2: Foreign Exchange Market Outlook - The State Administration of Foreign Exchange (SAFE) forecasts a stable operation of China's foreign exchange market in 2026, with cross-border capital flows expected to remain smooth and orderly [3] - The proportion of trade settled in RMB has increased to nearly 30%, indicating a growing ability of foreign trade enterprises to mitigate the impact of exchange rate fluctuations [7] Group 3: Support for Private Enterprises - The PBOC will include medium-sized private enterprises in the scope of re-loan support for private enterprises, with a total of 1 trillion yuan allocated for this purpose [5] - The PBOC plans to expand the support for the health industry within the service consumption and elderly care re-loan framework once the relevant standards are established [6] Group 4: Asset Management and Lending - By the end of 2025, the total assets of asset management products are expected to reach 119.9 trillion yuan, with a year-on-year growth of 13.1% [10] - The growth of RMB loans is projected to be around 7% if the impact of local special bond replacements is excluded, indicating strong credit support for the real economy [9]