Home » Ming Ming, chief economist of CITIC Securities: The five major financial articles are the main direction of monetary and credit policies. Structural monetary policy tools are expected to be further introduced.

Ming Ming, chief economist of CITIC Securities: The five major financial articles are the main direction of monetary and credit policies. Structural monetary policy tools are expected to be further introduced.

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CITIC Securities Chief Economist Discusses Monetary and Credit Policies in Government Work Report

In the latest government work report, CITIC Securities Chief Economist Ming Ming highlights the government’s focus on five major financial articles as the main direction of monetary and credit policies. According to Ming Ming, structural monetary policy tools are expected to be further introduced to support economic development.

The government work report emphasizes the importance of maintaining a flexible, appropriate, precise, and effective monetary policy. It calls for maintaining reasonable and sufficient liquidity to ensure that the scale of social financing and money supply align with expected goals of economic growth and price levels.

Additionally, the report outlines plans to enhance the inherent stability of the capital market, maintain the basic stability of the RMB exchange rate, and develop technology finance, green finance, inclusive finance, pension finance, and digital finance. The goal is to optimize financing credit enhancement, risk sharing, information sharing, and other supporting measures to better meet the financing needs of small, medium, and micro enterprises.

Ming Ming explains that the aggregate volume and structure are the two major thrusts of monetary policy, with efforts to revitalize the stock market to improve credit incremental efficiency. He believes that the government’s focus on maintaining liquidity and supporting the real economy will aid in promoting economic growth and price levels.

Overall, Ming Ming sees the government work report as a positive step towards boosting market confidence and supporting economic recovery. With a continued emphasis on financial stability and development, the government aims to create a supportive environment for businesses and investors alike.

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(Source: Shanghai Securities News)

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