Core Viewpoint - The article emphasizes the importance of the 20th Central Committee's Fourth Plenary Session in shaping China's economic and financial policies, highlighting the need for a unified approach to financial work and the implementation of strategic measures for sustainable development [2][3]. 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 [2]. - The PBOC's actions are aligned with the central government's directives to ensure employment, business stability, and market expectations during critical economic periods [2][3]. Group 2: Strategic Planning and Financial Reform - The Fourth Plenary Session outlines a strategic framework for the next five years, focusing on the construction of a modern socialist country and the importance of the 15th Five-Year Plan [3]. - Financial work is deemed crucial for national development, with significant advancements in financial system reform and governance capabilities over the past five years [3][4]. Group 3: Monetary Policy Framework - The PBOC aims to establish a scientific and robust monetary policy system that balances short-term and long-term goals while supporting real economic growth [4]. - The central bank will enhance the effectiveness of monetary policy and maintain the stability of the Renminbi exchange rate [4]. Group 4: Risk Management and Financial Stability - A comprehensive macro-prudential management system will be developed to monitor and mitigate systemic financial risks, ensuring the stability of financial markets [5]. - The PBOC will collaborate with relevant departments to address risks in local financial institutions and the real estate market [5]. Group 5: Financial Sector Reforms - The article highlights the need for structural reforms in the financial supply side, focusing on technology, green finance, inclusive finance, and digital finance to better serve the economy [5]. - The PBOC will promote the development of a transparent and resilient financial market system while advancing the research and application of digital currency [5]. Group 6: International Financial Cooperation - The PBOC is committed to advancing the internationalization of the Renminbi and enhancing cross-border payment systems while maintaining national financial security [6]. - Efforts will be made to deepen financial market openness and promote trade and investment facilitation [6]. Group 7: Implementation and Education - The PBOC will prioritize the dissemination of the Fourth Plenary Session's spirit within its system, ensuring alignment with central directives to foster high-quality financial development [6].
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中国基金报·2025-10-24 12:28