金融稳定报告：显著提高各类中长期资金实际投资A股的规模和比例

Core Viewpoint - The People's Bank of China (PBOC) emphasizes the need for collaboration among various financial regulatory bodies to enhance the investment environment for long-term capital in A-shares, aiming for a virtuous cycle between capital market stability and high-quality economic development [1] Group 1: Financial Policy and Market Reforms - The PBOC plans to deepen interest rate marketization reforms to enhance the self-discipline of interest rates, ensuring that financial institutions improve their pricing capabilities and maintain a balance between asset returns and liability costs [2] - The PBOC will strengthen macro-prudential management of real estate finance and improve foundational credit systems to promote a stable and healthy real estate market [3] Group 2: Macroeconomic Policies and Risk Management - The report highlights the complex changes in the development environment during the 14th Five-Year Plan period, noting the coexistence of strategic opportunities and risks, while emphasizing the resilience and potential of the Chinese economy [4] - The PBOC will implement proactive macro policies, enhance counter-cyclical adjustments, and focus on stabilizing economic growth and reasonable price recovery, while maintaining ample liquidity and low financing costs [5] - The PBOC aims to strengthen the macro-prudential management system to monitor and assess systemic financial risks, ensuring that systemic financial risks do not materialize [5]