Group 1 - The People's Bank of China (PBOC) has utilized various monetary policy tools to maintain ample liquidity and guide financial institutions to meet the effective financing needs of the real economy, resulting in significant support for the real economy [1] - The PBOC has cumulatively lowered policy interest rates 10 times, leading to a steady decline in the overall financing costs in society. As of December 2025, the weighted average interest rates for newly issued corporate loans and personal housing loans are both around 3.1%, down by 2.5 and 2.6 percentage points respectively since the second half of 2018 [3] - Loans in key sectors such as technology, green finance, inclusive finance, elderly care, and digital economy have maintained double-digit growth, significantly outpacing the overall loan growth rate. The credit structure continues to optimize, with direct financing's share increasing [5] Group 2 - The foreign exchange market is fundamentally balanced, with the RMB maintaining stability against a basket of currencies and appreciating by 4.4% against the US dollar [7] - The bond market is developing steadily and healthily, with effective boosts to capital market confidence and active trading [8]
数读中国 5个字看货币金融政策效能明显
Ren Min Wang·2026-01-16 08:34