中国人民银行行长 潘功胜：持续建设和发展多渠道、广覆盖、安全高效的人民币跨境支付体系。加大跨境支付国际合作，积极参与国际金融治理和合作。 加强与高水平开放相匹配的监管能力建设，坚决维护国家金融安全。 "十五五"规划建议明确提出：完善中央银行制度，构建科学稳健的货币政策体系和覆盖全面的宏观审慎管理体系，畅通货币政策传导机制。"十五五"开局之 年，适度宽松的货币政策如何发力？来看总台记者对中国人民银行行长潘功胜的专访。 潘功胜介绍，2025年社会融资规模、广义货币供应量均明显高于名义GDP增速，金融总量合理增长；12月新发放企业贷款加权平均利率和个人住房贷款加权 平均利率均约3.1%，社会综合融资成本低位运行；债券市场"科技板"累计发行科技创新债券1.8万亿元，人民币对一篮子货币汇率保持基本稳定，金融市场 稳定运行。 中国人民银行行长 潘功胜：2026年人民银行将继续实施好适度宽松的货币政策，把握好政策实施的力度、节奏和时机，灵活高效运用降准降息等多种货币 政策工具，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。今年降准降息还有一定的空间。人民银行还将做 好利率政策执行和监督 ...

（来源：中国妇女网） 中国人民银行行长 潘功胜：2026年人民银行将继续实施好适度宽松的货币政策，把握好政策实施的力度、节奏和时机，灵活高效运用降准降息等多种货币 政策工具，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。今年降准降息还有一定的空间。人民银行还将做 好利率政策执行和监督，促进社会综合融资成本低位运行。 金融将重点聚焦哪些领域？潘功胜介绍，将引导金融机构加力支持扩大内需、科技创新、中小微企业等重点领域。用好5000亿元服务消费与养老再贷款，满 足消费领域多样化金融需求；科技创新和技术改造再贷款额度增加至1.2万亿元，推动发展债券市场"科技板"。 转自：中国妇女网 "十五五"规划建议明确提出：完善中央银行制度，构建科学稳健的货币政策体系和覆盖全面的宏观审慎管理体系，畅通货币政策传导机制。"十五五"开局之 年，适度宽松的货币政策如何发力？来看总台记者对中国人民银行行长潘功胜的专访。 潘功胜介绍，2025年社会融资规模、广义货币供应量均明显高于名义GDP增速，金融总量合理增长；12月新发放企业贷款加权平均利率和个人住房贷款加权 平均利率均约3.1%，社会综合融资成本 ...

（来源：千龙网） 2026年货币政策将会如何发力，资金将重点流向哪些领域，这些政策都将如何影响你的钱袋子，财经老 王专访中国人民银行行长潘功胜。 对于今年适度宽松的货币政策，央行会有什么安排？ 潘功胜：总量政策方面，把握好政策实施的力度、节奏和时机，灵活高效运用降准降息等多种货币政策 工具，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。 今年降准降息还有一定的空间。 结构性政策方面，坚持聚焦重点、合理适度、有进有退，不断优化结构性货币政策工具的设计和管理， 引导金融机构加大对重大战略、重点领域和薄弱环节的支持力度。 在支持扩大内需、科技创新、中小企业方面，央行今年有何考虑？ 潘功胜：在扩大内需、支持消费方面，专设5000亿元服务消费与养老再贷款，激励引导金融机构创新金 融产品，满足消费领域多样化金融需求。 在支持科技创新方面，持续加大政策支持力度。科技创新和技术改造再贷款额度的基础上再增加至1.2 万亿元，并将研发投入水平较高的民营中小企业等纳入支持领域，推动发展债券市场"科技板"。 潘功胜：从目前实施的效果看，一大批的人得到了个人信用修复，违约记录就不再展示了。它是一个 ...

中国人民银行党委书记、行长潘功胜表示，在扩大内需、支持消费方面，中国人民银行围绕支持增强消 费能力，提升消费供给，释放消费潜力等方面综合施策，满足消费领域多样化金融需求中国。中国人民 银行专设5000亿元服务消费与养老再贷款，激励引导金融机构创新金融产品。提升消费金融服务水平， 持续推进支付服务便利化，实施好一次性个人信用修复政策，改善消费金融环境。支持符合条件的金融 机构发行金融债券，提升消费领域资金供给能力。在支持科技创新方面，持续加大政策支持力度。近 期，中国人民银行在8000亿元科技创新和技术改造再贷款额度的基础上，再增加额度4000亿元至1.2万 亿元，并将研发投入水平较高的民营中小企业等纳入支持领域。合并设立科技创新与民营企业债券风险 分担工具，提供再贷款支持，推动发展债券市场"科技板"。在支持中小微企业方面，不断提升融资普惠 性和便利度。增加支农支小再贷款和再贴现额度5000亿元至4.35万亿元，并单设1万亿元民营企业再贷 款，重点支持中小民营企业。支持金融机构发行小微企业金融债券，用好民营企业债券融资支持工具。 完善民营中小企业增信制度，发挥政府性融资担保、信息共享等作用。（金融时报） ...

人民日报记者 吴秋余 习近平总书记强调："实施更加积极有为的宏观政策，推动经济实现质的有效提升和量的合理增 长，保持社会和谐稳定，努力实现'十五五'良好开局。" 潘功胜：去年以来，人民银行按照党中央、国务院决策部署，实施适度宽松的货币政策，强化央行 政策与市场关切的交集度和针对性，在2024年存量政策持续发挥作用的基础上，2025年又推出多项总 量、价格、结构方面的货币金融政策，支持实体经济稳定增长、高质量发展和金融市场平稳运行，金融 总量合理增长，社会综合融资成本低位运行，信贷结构持续优化，金融市场稳定运行。 2026年，人民银行将认真贯彻落实中央经济工作会议精神，继续实施好适度宽松的货币政策，把促 进经济稳定增长、物价合理回升作为货币政策的重要考量，发挥增量政策和存量政策集成效应，为经济 稳定增长、高质量发展和金融市场稳定运行营造良好的货币金融环境，为实现"十五五"良好开局提供有 力的金融支撑。 总量政策方面，把握好政策实施的力度、节奏和时机，灵活高效运用降准降息等多种货币政策工 具，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。今 年降准降息还有一定的空间。人民银行 ...

经济日报记者 陈果静 中央经济工作会议提出，要继续实施适度宽松的货币政策。引导金融机构加力支持扩大内需、科技 创新、中小微企业等重点领域。在"十五五"开局之年，货币政策将如何发力？经济日报记者就相关问题 采访了中国人民银行党委书记、行长潘功胜。 记者：中央经济工作会议提出，要继续实施适度宽松的货币政策，人民银行将如何落实这一要求？ 潘功胜：2026年，人民银行将认真贯彻落实中央经济工作会议精神，继续实施好适度宽松的货币政 策，把促进经济稳定增长、物价合理回升作为货币政策的重要考量，发挥增量政策和存量政策集成效 应，为经济稳定增长、高质量发展和金融市场稳定运行营造良好的货币金融环境，为实现"十五五"良好 开局提供有力的金融支撑。 总量政策方面，把握好政策实施的力度、节奏和时机，灵活高效运用降准降息等多种货币政策工 具，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。今 年降准降息还有一定的空间。人民银行还将做好利率政策执行和监督，促进社会综合融资成本低位运 行。 结构性政策方面，坚持聚焦重点、合理适度、有进有退，不断优化结构性货币政策工具的设计和管 理，引导金融机构加大对重大 ...

——访中国人民银行党委书记、行长潘功胜 □经济日报记者 陈果静 中央经济工作会议提出，要继续实施适度宽松的货币政策。引导金融机构加力支持扩大内需、科技 创新、中小微企业等重点领域。在"十五五"开局之年，货币政策将如何发力？经济日报记者就相关问题 采访了中国人民银行党委书记、行长潘功胜。 记者：中央经济工作会议提出，要继续实施适度宽松的货币政策，人民银行将如何落实这一要求？ 潘功胜：2026年，人民银行将认真贯彻落实中央经济工作会议精神，继续实施好适度宽松的货币政 策，把促进经济稳定增长、物价合理回升作为货币政策的重要考量，发挥增量政策和存量政策集成效 应，为经济稳定增长、高质量发展和金融市场稳定运行营造良好的货币金融环境，为实现"十五五"良好 开局提供有力的金融支撑。 总量政策方面，把握好政策实施的力度、节奏和时机，灵活高效运用降准降息等多种货币政策工 具，保持流动性充裕，使社会融资规模、货币供应量增长同经济增长、价格总水平预期目标相匹配。今 年降准降息还有一定的空间。人民银行还将做好利率政策执行和监督，促进社会综合融资成本低位运 行。 结构性政策方面，坚持聚焦重点、合理适度、有进有退，不断优化结构性货币政策 ...

Group 1 - The core viewpoint emphasizes the implementation of a more proactive macro policy to achieve qualitative and effective economic improvement and reasonable quantitative growth, ensuring social harmony and stability, and striving for a good start to the "14th Five-Year Plan" [1] - The Central Economic Work Conference proposed to continue implementing a moderately loose monetary policy, with the People's Bank of China (PBOC) planning to support stable growth and high-quality development through various monetary policies in 2024 and 2025 [2][3] Group 2 - In terms of total policy, the PBOC aims to maintain ample liquidity and ensure that the growth of social financing and money supply aligns with economic growth and price level expectations, indicating room for further cuts in reserve requirement ratios and interest rates [3] - Structural policies will focus on optimizing the design and management of structural monetary policy tools, with a recent reduction of 0.25 percentage points in the interest rates of various structural monetary policy tools [3][4] Group 3 - The PBOC plans to construct a scientific and robust monetary policy system and a comprehensive macro-prudential management system to support high-quality financial development and the construction of a financial power [4][5] - Key initiatives include optimizing the monetary policy target system, improving the market-oriented interest rate formation mechanism, and enhancing the macro-prudential management toolbox [5] Group 4 - The PBOC will enhance financial services for high-quality economic development by increasing support for expanding domestic demand, technological innovation, and small and micro enterprises [6][7] - Specific measures include a dedicated 500 billion yuan for consumer and elderly care loans and an increase in the quota for technological innovation loans to 1.2 trillion yuan [6][7] Group 5 - The PBOC will strengthen collaboration among financial departments and other industry regulators, improve the service capabilities of financial institutions, and ensure coordination between monetary and fiscal policies [8][9] - In terms of global financial governance, the PBOC will promote financial sector reforms, enhance the internationalization of the yuan, and actively participate in international financial cooperation [10][11]

Group 1: Monetary Policy and Economic Development - The People's Bank of China (PBOC) will implement a moderately loose monetary policy in 2026 to support stable economic growth and high-quality development, aligning with the "14th Five-Year Plan" goals [5][11][33] - The PBOC has introduced eight policy measures, including the first structural interest rate cut in 2026, to direct more financial resources towards technology, green initiatives, and small and micro enterprises, facilitating economic restructuring [3][6] - The average reserve requirement ratio for financial institutions is currently 6.3%, indicating room for further cuts, while the net interest margin has stabilized at 1.42% since 2025, providing a favorable environment for interest rate reductions [7][9] Group 2: Financial Support for Key Sectors - The PBOC will allocate 500 billion yuan for consumer and elderly care loans, and increase the quota for technology innovation loans from 800 billion yuan to 1.2 trillion yuan, targeting high R&D investment private SMEs [9][18] - An additional 5 trillion yuan will be allocated for agricultural and small enterprise loans, with a dedicated 1 trillion yuan for private enterprises, enhancing financing accessibility for these sectors [9][29] - The PBOC emphasizes the importance of financial institutions in supporting domestic demand, technological innovation, and small and micro enterprises as part of a strategy to strengthen domestic circulation and promote high-quality development [9][11] Group 3: Urban Development and Housing Quality - The Ministry of Housing and Urban-Rural Development plans to implement urban renewal actions in 2026, focusing on improving living conditions and environments for residents [17][20] - The "Good House" initiative aims to enhance housing quality through better standards, designs, materials, and maintenance, with a comprehensive deployment outlined in the recent guidelines [24][26] - The ministry will adopt a targeted approach to real estate regulation, emphasizing localized strategies to stabilize the housing market and support reasonable financing needs of real estate companies [29][31]

Core Viewpoint - The focus is on the implementation of the "14th Five-Year Plan" starting in 2026, emphasizing high-quality development and the support of the real economy through monetary policy measures [1][2]. Monetary Policy - The People's Bank of China (PBOC) will continue to implement a moderately loose monetary policy to support stable economic growth and high-quality development, ensuring a favorable financial environment for the "14th Five-Year Plan" [2]. - The PBOC has a rich toolbox of monetary policy instruments, including traditional tools like reserve requirement ratio (RRR) cuts and interest rate reductions, as well as structural monetary policy tools [2][3]. - There is still room for further RRR and interest rate cuts in 2026, with the current average RRR at 6.3% and a stabilized net interest margin of 1.42% observed since 2025 [3]. Structural Support - The PBOC aims to optimize the design and management of structural monetary policy tools to enhance support for key areas such as domestic demand expansion, technological innovation, and small and micro enterprises [5]. - Specific measures include a dedicated 500 billion yuan for consumer and elderly care loans, increasing the technology innovation loan quota to 1.2 trillion yuan, and raising the agricultural and small enterprise loan quotas to 4.35 trillion yuan [5]. Financial Stability - The PBOC emphasizes the importance of maintaining financial market stability to support high-quality development of the real economy, including managing expectations and stabilizing the RMB exchange rate [9]. - A comprehensive macro-prudential management system will be established to address the interconnections between macroeconomic operations and financial risks [7]. Urban Development - In 2026, urban renewal projects will be initiated, focusing on improving living conditions and environments, with a commitment to high-quality urban development [11]. - The Ministry of Housing and Urban-Rural Development will implement city-specific strategies to address urgent community issues, such as parking and aging infrastructure [13]. Real Estate Market - The real estate market will be stabilized through precise policies tailored to individual cities, supporting reasonable financing needs of real estate companies and addressing housing demands [15][16]. - The focus will be on enhancing the quality of housing through better standards, designs, materials, and maintenance, transitioning from new construction to the renovation of existing properties [15][16].