Recently, the peopleBankA work conference for the second half of 2021 will be held.Meeting from the soundcurrencyPolicies, green financial system development, prevention and resolution of financial risks, macro-prudential management, international macro-policy coordination, financial reform in key areas, platform enterprise supervision and crackdown on illegal virtual currency activities, and financial legislation. Summary of the work results in the first half of the year , And clarify the key tasks in the second half of the year.
The meeting held that since the beginning of this year, my country’s economic operation has been steadily strengthened, steadily improving, and in line with expectations, the economic development momentum has further strengthened, and the main macro indicators are within a reasonable range.Facing the complex and severe economic and financial situation, the central bank implemented a prudent monetary policy, strongly supported high-quality economic development, effectively prevented and resolved major financial risks, deepened financial reform and opening up in key areas, continuously improved financial services and management, and continued to strengthen the peopleBankIn systematic party building, new and notable results have been achieved in various tasks.
Among them, the prudent monetary policy has maintained continuity, stability and sustainability.currencyCreditAnd the total amount of financing increased reasonably, and the strength of supporting the real economy was stable. The overall financing cost has been steadily decreasing, and the effectiveness of profit-making entities has been consolidated. Financial services for private small and micro enterprises continued to be optimized. The macro leverage ratio has stabilized and declined.
For the work plan for the second half of the year, the focus will be on monetary policy, green finance, prevention and mitigation of financial risks, macro-prudential management, financial reform and opening, platform corporate supervision, crackdown on virtual currency transactions, and financial service management.
Specifically, we must adhere to the principle of stability, and a prudent monetary policy must be flexible, precise, reasonable and appropriate. Do a good job in cross-cycle policy design, and grasp the pace and intensity of policy implementation. Keep the macro leverage ratio basically stable.Continue to deepeninterest rateMarket-oriented reforms to promote actual loansinterest rateStable and decline.
In accelerating the improvement of the green financial system, promote the implementation of carbon emission reduction support tools, provide low-cost funds to qualified financial institutions, and guide financial institutions to provide preferential interest rate financing for key areas with significant emission reduction effects.
Sun Guofeng, Director of the Monetary Policy Department of the Central Bank, revealed that the design of carbon emission reduction support tools follows the principles of marketization, rule of law, and internationalization, fully embodies openness and transparency, and is “operable, calculable, and verifiable” to ensure the accuracy of the tools. Sexuality and directness. “Operational” refers to clearly supporting key areas with significant carbon emission reduction effects, including clean energy, energy conservation and environmental protection, and carbon emission reduction technologies. “Computable” means that financial institutions can calculate the carbon emission reductions driven by loans, and disclose the carbon emission reduction information to the outside world and accept social supervision. “Verifiable” means that a third-party professional institution verifies the authenticity of the information disclosed by a financial institution to ensure the effect of the policy.
In terms of deepening the reform and opening up of the financial sector, the meeting pointed out that the internationalization of the renminbi will continue to be steadily and prudently promoted, foreign currency cooperation will be deepened, and the offshore renminbi market will be developed. Carry out high-level open-up pilots for cross-border trade and investment. We will expand the pilot program of trade balance facilitation and support more regions, especially the central and western regions, to participate in the pilot program. Promote the reform of foreign debt registration and management, and improve the management policy for domestic bond issuance by overseas institutions.
In addition, the meeting also made arrangements for platform companies and virtual currency supervision. The meeting stated that they urged and guided platform companies to make comprehensive rectifications in line with regulatory requirements and maintain a high pressure on virtual currency trading hype. Adhere to the same treatment for similar institutions in similar businesses, ensure that rectifications are implemented on time and quality, maintain business continuity and normal business operations, maintain the quality of financial services to the broad masses of people, and create a fair market environment.
(Source: Securities Times)
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