国务院最新报告！潘功胜：研究储备新的政策举措

Core Viewpoint - The report by the Governor of the People's Bank of China, Pan Gongsheng, emphasizes the implementation of a moderately loose monetary policy to support economic recovery and maintain financial stability in the face of external shocks [2][4]. Monetary Policy and Financial Stability - The effectiveness of existing monetary policies has been highlighted, with a focus on maintaining liquidity and ensuring reasonable growth in financial totals. Social financing costs are at historical lows, which has positively impacted market confidence and expectations [4]. - In response to significant external shocks in April 2025, the financial market has shown resilience, with improved expectations and heightened confidence among market participants [4]. - Key sectors such as technology, green finance, and digital economy have seen substantial loan growth, with increases of 11.8%, 22.9%, and 12.9% respectively, indicating a focus on enhancing financial services in these areas [4]. Financial Openness and International Cooperation - The establishment of a multi-channel, comprehensive cross-border payment system for the renminbi (CIPS) has been noted, with the renminbi becoming the largest currency for cross-border payments in China and ranking third in the IMF's Special Drawing Rights basket [6]. - Financial cooperation with international partners is being prioritized, with initiatives to enhance bilateral and multilateral currency and financial cooperation, including the establishment of a central bank governors' meeting mechanism with Europe [6]. Future Work and Policy Initiatives - The focus will remain on implementing a moderately loose monetary policy while exploring new policy measures to support economic growth and maintain financial stability [8]. - Emphasis will be placed on providing high-quality financial services to the real economy, particularly in areas such as technology innovation, consumption stimulation, and support for small and micro enterprises [8]. - Continuous efforts will be made to deepen structural reforms in the financial supply side and enhance the macro-prudential management framework [8].