Central bank: strengthen the support of prudent monetary policy to the real economy

2022-04-27

In response to the recent fluctuations in the financial market, on April 26, the relevant person in charge of the people's Bank of China said in an interview that we are concerned about some recent fluctuations in the financial market, which are mainly affected by investors' expectations and emotions. The people's Bank of China will strengthen the support of prudent monetary policy to the real economy. The official said that at present, China's economic fundamentals are good, the potential for endogenous economic growth is huge, and substantial progress has been made in preventing and resolving financial risks. The financial system implements the decisions and arrangements of the CPC Central Committee and the State Council, coordinates the epidemic prevention and control and economic and social development, supports smooth logistics and promotes the stability of the industrial chain and supply chain, and minimizes the impact of the epidemic on economic and social development. In accordance with the principles of marketization, legalization and internationalization, we will steadily promote and complete the rectification of large platform companies as soon as possible, so as to promote the healthy development of platform economy. The person in charge also said that the people's Bank of China will strengthen the support of prudent monetary policy to the real economy, especially support industries seriously affected by the epidemic, small, medium-sized and micro enterprises and individual industrial and commercial households, support agricultural production and energy supply and increase supply, launch scientific and technological innovation refinancing and inclusive pension special refinancing, increase 100 billion yuan refinancing, support the development and use of coal and enhance energy storage, and increase small refinancing for agriculture and special refinancing for civil aviation, Maintain reasonable and sufficient liquidity, promote the healthy and stable development of the financial market, and create a good monetary and financial environment. In order to strengthen financial support for the real economy, the people's Bank of China has recently made a number of arrangements and successively released signals of stabilizing the economy and expectations. On April 18, the people's Bank of China and the State Administration of foreign exchange issued the notice on doing a good job in epidemic prevention and control and financial services for economic and social development, which put forward 23 policies and measures to strengthen financial services and strengthen support for the real economy from three aspects: supporting the relief of troubled subjects, unblocking the national economic cycle and promoting the development of foreign trade and exports. On April 19, the people's Bank of China and the China Banking and Insurance Regulatory Commission jointly held a symposium on financial support for the real economy to pay close attention to the implementation of various financial policies in the near future. The people's Bank of China also held a party committee meeting a few days ago, stressing the need to further strengthen its work and support the real economy on the basis of conscientiously implementing the policies already issued, so as to maintain market stability and economic stability. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Economic Information Daily

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