货币政策精准发力
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货币政策精准发力 总量供给“更稳定” 新设工具“更直达”
Xin Hua Wang· 2025-08-12 06:28
Group 1 - The core viewpoint emphasizes the need for a robust implementation of monetary policy to ensure adequate liquidity and targeted financial support for key sectors, particularly technology innovation and inclusive elderly care [1][2][4] - The recent policy measures include the establishment of two special relending programs aimed at enhancing financial support for technology innovation and inclusive elderly care, with the People's Bank of China providing 60% and 100% relending support for the principal of these loans [1][2] - The focus is on improving the precision and directness of financial support to the real economy, with structural monetary policy tools expected to play a significant role in guiding funds to critical areas and weak links [1][2] Group 2 - The new relending programs are designed to lower the funding costs for financial institutions and direct support to relevant sectors, acting as an incentive mechanism to enhance liquidity in technology innovation and inclusive elderly care [2][3] - The government aims to enhance the lending capacity of financial institutions by supplementing the capital of small and medium banks through special government bonds, addressing regional disparities in financial stability [3][4] - The overall monetary policy will continue to ensure a reasonable liquidity supply while maintaining a balance between total and structural support for the real economy, with potential for further interest rate cuts [4][5]