Core Viewpoint - The article emphasizes the importance of constructing a scientific and robust monetary policy system and a comprehensive macro-prudential management system as strategic measures for promoting high-quality financial development and building a strong financial nation during the 14th Five-Year Plan period [3]. Group 1: Importance of Monetary Policy and Macro-Prudential Management - The dual goals of maintaining currency stability and financial stability are foundational for the central bank's macro-management tools, which are essential for supporting the construction of a financial powerhouse [4]. - The construction of these systems is a necessary requirement for accelerating the establishment of a high-level socialist market economy and addressing the imbalances in development [4]. - The need for a robust financial system has become more pressing as the economy transitions from high-speed growth to high-quality development, necessitating a shift from extensive expansion to intensive development [5]. Group 2: Building a Scientific and Robust Monetary Policy System - The monetary policy system aims to achieve a dynamic balance among currency stability, economic growth, full employment, and balance of payments [7]. - Key relationships to manage include the short-term versus long-term dynamics, the balance between growth and risk prevention, and the internal versus external economic relationships [8]. - Major tasks for constructing this system include optimizing the mechanism for basic currency issuance, enhancing market-oriented interest rate formation, and improving structural monetary policy tools [9][10]. Group 3: Comprehensive Macro-Prudential Management System - The macro-prudential management system aims to observe, assess, and respond to financial risks from a macro and counter-cyclical perspective, preventing systemic financial risks that could destabilize the macroeconomic environment [11]. - The system must cover the interconnections between macroeconomic operations and financial risks, focusing on key areas such as credit markets, capital markets, and real estate [12]. - Key tasks include strengthening the monitoring and assessment of systemic financial risks, implementing preventive measures in critical sectors, and enriching the policy toolbox for macro-prudential management [14][15].
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财联社·2025-12-03 23:35