Core Viewpoint - The People's Bank of China (PBOC) is focusing on establishing a dual-pillar framework for monetary policy and macro-prudential policy during the 14th Five-Year Plan period, aiming to achieve both currency stability and financial stability, while supporting high-quality economic development [1] Group 1 - The PBOC is constructing a scientific and robust monetary policy system, with a modern monetary policy framework that is continuously improving, effectively promoting reasonable growth in total financial volume, steady decline in financing costs, and optimization of credit structure, thereby maintaining currency stability [1] - The PBOC is enhancing the macro-prudential policy framework and the systemic financial risk prevention and disposal mechanism [1] - The PBOC is improving the financial market and financial market infrastructure system, having launched a "Technology Board" in the bond market and essentially established a multi-tiered bond market framework [1] Group 2 - The Chinese market is being orderly connected with global financial markets, with a steady increase in foreign capital participation [1] - The PBOC is building a higher-level open financial new system [1]

新华财经北京9月22日电国务院新闻办公室22日举行"高质量完成'十四五'规划"系列主题新闻发布会。 中国人民银行行长潘功胜在会上表示，"十四五"期间，中国人民银行聚焦健全货币政策和宏观审慎政策 双支柱调控框架，实现币值稳定和金融稳定双目标，加快完善中央银行制度，为金融强国建设、经济高 质量发展提供了坚实支撑。一是构建科学稳健的货币政策体系，中国特色现代货币政策框架已初步形成 并不断完善，有效促进了金融总量合理增长、融资成本稳步下降、信贷结构不断优化，维护了币值稳 定。二是健全宏观审慎政策框架和系统性金融风险防范处置机制。三是健全金融市场和金融市场基础设 施体系。推出债券市场"科技板"，基本建成多层次债券市场框架。中国市场与全球金融市场有序联通， 外资参与度稳步提升。四是建设更高水平开放型金融新体制。 （文章来源：新华财经） ...

Core Viewpoint - The People's Bank of China (PBOC) is focused on establishing a dual-pillar regulatory framework for monetary policy and macroprudential policy during the 14th Five-Year Plan, aiming for currency stability and financial stability to support high-quality economic development [1] Group 1: Monetary Policy - A scientific and robust monetary policy system is being constructed, with a modern monetary policy framework that is continuously improving, effectively promoting reasonable growth in total financial volume, steadily decreasing financing costs, and optimizing credit structure to maintain currency stability [1] Group 2: Macroprudential Policy - The macroprudential policy framework and systemic financial risk prevention and disposal mechanisms are being enhanced [1] Group 3: Financial Market Infrastructure - The financial market and its infrastructure are being improved, including the launch of a "Technology Board" in the bond market, which contributes to the establishment of a multi-tiered bond market framework [1] Group 4: Financial Openness - A higher-level open financial system is being constructed, with orderly connections between the Chinese market and global financial markets, and a steady increase in foreign capital participation [1]