央行，最新宣布！调整这一考评办法

Core Viewpoint - The People's Bank of China (PBOC) announced adjustments to the evaluation method for primary dealers in the open market, effective from 2025, as part of the transformation of the monetary policy framework [1][2]. Group 1: Evaluation Method Adjustments - The new evaluation indicators emphasize the requirements for monetary policy transmission and significantly reduce the number of indicators [1]. - The evaluation now includes aspects such as "stable lending and reasonable pricing range" and "performance during periods of market tension" for the money market transmission [1]. - For the bond market making, the new indicators focus on "the number of bonds traded and reasonably quoted" and "performance during bond market volatility" [2]. Group 2: Compliance and Operational Standards - The evaluation emphasizes that primary dealers must not engage in illegal or non-compliant activities, with penalties for misconduct including suspension from trading qualifications [2]. - The 2025 list of primary dealers will remain unchanged, providing a transition period for institutions to adapt to the new evaluation criteria [2]. Group 3: Diversification and Fairness in Evaluation - The new evaluation method categorizes different types of institutions for assessment, promoting a more scientific and fair evaluation process [2]. - This adjustment aims to enhance the diversity of primary dealers, allowing various types of institutions to better support the central bank's macroeconomic regulation and policy transmission [2].