Core Viewpoint - The People's Bank of China emphasizes the need for a moderately loose monetary policy to support high-quality economic development and address challenges such as insufficient domestic demand and low inflation levels [2][4]. Group 1: Monetary Policy and Economic Environment - The central bank's monetary policy committee meeting highlighted the importance of using various monetary policy tools to create a favorable financial environment for sustained economic recovery [1][2]. - The meeting acknowledged the complex external economic environment, including weakened global growth and increased trade barriers, while noting that China's economy shows positive signs with improved social confidence [2][3]. - The committee proposed enhancing the intensity and effectiveness of monetary policy, ensuring liquidity remains ample, and aligning social financing growth with economic growth targets [3][4]. Group 2: Financial Sector Reforms - The meeting discussed the need for structural reforms in the financial supply side, urging large banks to support the real economy and smaller banks to focus on their core responsibilities [4][5]. - Emphasis was placed on implementing structural monetary policy tools effectively and supporting key areas such as technological innovation and consumption [4][5]. - The committee aims to stabilize the real estate market by improving financial systems and facilitating the revitalization of existing properties and land [5]. Group 3: Policy Implementation and Coordination - The meeting stressed the importance of coordinating macroeconomic policies to enhance domestic circulation and effectively utilize existing policies while implementing new ones [5]. - The central bank aims to enhance its financial management and risk prevention capabilities in an open economy context [5].
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第一财经·2025-06-27 11:41