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The central bank has set the tone to increase macroeconomic regulation in the second half of the year. So what actions will the central bank take? How to further support the recovery of the real economy? Finance Lao Wang will show you.

How will monetary policy continue to support stable growth in the next step?

Pan Gongsheng:Since the beginning of this year, the People's Bank of China has implemented three major monetary policy adjustments in terms of monetary and financial policies. First, we must increase the implementation efforts to make them effective. Second, we will further plan new incremental policies in accordance with the requirements of the Central Committee and the State Council.

What progress has been made in preventing and resolving systemic financial risks?

Pan Gongsheng:The overall Chinese financial system is relatively stable, the number of local government financing platforms and the scale of existing debt are also declining, and the overall cost burden of local government debt has also dropped significantly.

In terms of real estate policies, the down payment ratio for mortgage loans has now been reduced to 15%, which is the lowest down payment ratio in history. Interest rates are also at a very low level. At the same time, we provide refinancing to help local governments acquire existing commercial housing for affordable and rental housing to digest the existing commercial housing.

In terms of the risks of small and medium-sized financial institutions, the number of high-risk small and medium-sized banks has almost dropped by half compared to the peak period.

In general, China's entire financial system is sound, and the overall risk level has dropped significantly.

Finance Lao Wang: Governor Pan also said that the implementation of the financial policies that have been issued should be accelerated in the second half of the year. At the same time, financial policies and policies of the finance, industry and information technology departments will be more coordinated and work together to support the high-quality development of my country's economy and society.

(CCTV reporter Liu Ying, Wang Lei, Wang Nan, Zhang Hao)

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