Core Viewpoint - The article emphasizes the importance of the 20th Central Committee's Fourth Plenary Session in shaping China's financial policies and strategies for the next five years, focusing on achieving high-quality development and modernizing the financial system [1][2]. Group 1: Financial Policy and Economic Stability - The People's Bank of China (PBOC) has implemented a series of monetary policy measures to maintain liquidity and support the stability of financial markets, contributing to economic growth [1][2]. - The PBOC aims to enhance the effectiveness of monetary policy by balancing short-term and long-term goals, supporting real economic growth while ensuring the health of the financial sector [3][4]. Group 2: Financial System Reform and Risk Management - The article outlines the need for a comprehensive macro-prudential management system to monitor and mitigate systemic financial risks, ensuring the stability of stock, bond, and foreign exchange markets [4][5]. - It highlights the importance of deepening financial supply-side structural reforms, focusing on technology, green finance, and digital finance to better serve the real economy [4][5]. Group 3: International Financial Cooperation and Development - The PBOC is committed to advancing the internationalization of the Renminbi and enhancing cross-border payment systems, while also promoting financial diplomacy and participation in global financial governance [5]. - The article stresses the significance of maintaining national financial security while pursuing high-level financial openness [5].
央行:维护股市、债市、汇市等金融市场平稳运行
第一财经·2025-10-24 11:25