the central bank will start to introduce some incremental policy measures
2024-09-16
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
china news service, beijing, september 13 (reporter xia bin) the head of the relevant department of the people's bank of china mentioned on the 13th when interpreting the august financial statistics that monetary policy will be more flexible, moderate, precise and effective, increase the intensity of regulation, accelerate the implementation of the financial policy measures that have been issued, and start to introduce some incremental policy measures to further reduce corporate financing and residents' credit costs and maintain a reasonable abundance of liquidity.
when asked about the considerations and measures for future monetary policy, the above-mentioned official said that the people's bank of china will adhere to a supportive monetary policy stance and create a good monetary and financial environment for the economic recovery.
the official mentioned that the people's bank of china will take maintaining price stability and promoting a moderate price recovery as an important consideration in grasping monetary policy, and meet reasonable consumer financing needs in a more targeted manner. we will continue to strengthen macroeconomic policy coordination and support the proactive fiscal policy to achieve better results, focus on expanding domestic demand, promote both consumption and investment, pay more attention to consumption, eliminate backward production capacity, promote industrial upgrading, and support the dynamic balance between total supply and total demand at a higher level.
the official also mentioned that since the beginning of this year, the people's bank of china has made every effort to do a good job in the "five major articles" of finance, focusing on optimizing the credit structure. the intensity, adaptability and precision of financial support for major strategies, key areas and weak links have been significantly improved.
specifically, at the macro-policy level, we should strengthen top-level design and system planning. at the working mechanism level, we should improve the incentive-compatible mechanism arrangement. in terms of financial services, we should support enterprises in expanding diversified financing channels.
the official said that in the next step, the people's bank of china will implement the policy measures that have been issued, speed up the formulation of the overall plan for the "five major articles" of finance, as well as digital finance and pension finance policies, form a "1+n" policy system, introduce more incentive policies and tools, continue to deepen financial service innovation in key areas, and more effectively support high-quality economic development. (end)
(source: china news network)
