央行:坚定维护股票、债券、外汇等金融市场平稳运行
第一财经·2026-03-19 07:58

Core Viewpoint - The meeting of the People's Bank of China emphasizes the importance of implementing a moderately loose monetary policy to support stable economic growth and reasonable price recovery, while also addressing financial risks and deepening financial reform and opening up [1][2][3][4]. Group 1: Monetary Policy Implementation - The People's Bank of China will continue to implement a moderately loose monetary policy, focusing on promoting stable economic growth and reasonable price recovery as key considerations [2]. - The central bank will utilize various monetary policy tools, including reserve requirement ratios, government bond transactions, and medium-term lending facilities, to maintain ample liquidity and align social financing scale and money supply growth with economic growth and price level expectations [2]. - The bank aims to guide and regulate interest rates, enhance policy transparency, and maintain the stability of the RMB exchange rate at a reasonable and balanced level [2]. Group 2: Financial Services and Risk Management - The focus will be on enhancing financial services in key areas and weak links, particularly in supporting domestic demand expansion, technological innovation, and small and micro enterprises [2][3]. - The central bank will work to balance economic growth, structural adjustments, and financial risk prevention, while continuing to address debt risks associated with financing platforms [3]. - A market-oriented and legal approach will be adopted to manage risks in small financial institutions, ensuring the stability of stock, bond, and foreign exchange markets [3]. Group 3: Financial Reform and Governance - The People's Bank of China will deepen financial reform and opening up, improving the central bank's system and establishing a robust monetary policy framework [3][4]. - The bank will promote high-level openness in the financial services sector and enhance the interconnectedness of financial markets, while also supporting the construction of the Shanghai International Financial Center and maintaining Hong Kong's status as an international financial hub [3]. - Continuous efforts will be made to strengthen party governance, improve the quality of proposal handling, and ensure the effective implementation of financial policies for the public [4][5].

央行:坚定维护股票、债券、外汇等金融市场平稳运行 - Reportify