维护资本市场稳定！央行会议，最新信号→

Core Viewpoint - The People's Bank of China emphasizes the need for a moderately loose monetary policy to support economic stability and address challenges such as insufficient domestic demand and low price levels [3][5]. Monetary Policy - The recent meeting highlighted the importance of implementing a more proactive monetary policy, enhancing its foresight, targeting, and effectiveness based on domestic and international economic conditions [3][5]. - The central bank aims to ensure ample liquidity and lower overall financing costs to boost consumption and effective investment, thereby supporting economic recovery [5][6]. Economic Conditions - The meeting acknowledged the weakening growth momentum in the global economy and uncertainties in inflation trends and monetary policy adjustments [3][5]. - Economic indicators released since July have underperformed market expectations, prompting a reassessment of monetary policy tools [5]. Capital Market - The meeting reiterated the commitment to maintaining stability in the capital market, suggesting the use of securities, funds, and insurance company swaps, as well as stock buybacks and increased loans [3][7]. - There is a focus on preventing excessive fluctuations in the foreign exchange market and maintaining the RMB exchange rate at a reasonable and balanced level [7][8]. Real Estate Market - The meeting stressed the need to stabilize the real estate market and ensure the effective implementation of existing financial policies [8]. - It called for large banks to enhance their role in serving the real economy while encouraging smaller banks to focus on their core responsibilities [8].