权威访谈 开局“十五五”丨央行行长：有序推进人民币国际化

Core Viewpoint - The People's Bank of China (PBOC) aims to maintain currency stability and financial stability as dual objectives while promoting a robust monetary policy framework and macro-prudential management system during the 14th Five-Year Plan period [1][3]. Group 1: Monetary Policy Framework - The PBOC will optimize the monetary policy target system, focusing less on quantitative targets and more on interest rate adjustments to enhance financial stability [5]. - A scientific and robust monetary policy system will be constructed, balancing short-term and long-term goals, economic growth, and risk prevention [3]. Group 2: Financial Stability and Risk Management - The PBOC emphasizes the importance of a comprehensive macro-prudential management system to monitor and assess financial risks systematically [9]. - There will be an expansion of macro-prudential coverage to include financial markets, non-bank financial institutions, financial infrastructure, and internet finance [9]. Group 3: International Cooperation and Currency Internationalization - The PBOC will enhance international cooperation in cross-border payments and actively participate in global financial governance reforms [1]. - Efforts will be made to promote the internationalization of the Renminbi and improve the cross-border payment system [1]. Group 4: Interest Rate and Exchange Rate Mechanisms - The PBOC will improve the market-oriented interest rate formation and transmission mechanism to ensure effective monetary policy implementation [7]. - A flexible exchange rate formation mechanism will be maintained, with a focus on preventing excessive fluctuations [7].