Multi sectoral deployment of financial work in the next step, stability and stability are expected to be the top priority
The people’s Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of foreign exchange recently held relevant meetings to implement the recent work deployment of the financial commission of the State Council, analyze and judge the current economic and financial situation, and study and deploy the next financial work. From the perspective of the work content of each department, further increasing the support for entities and stabilizing market expectations have become the top priority of the next financial work of each department.
The Party committee meeting of the people’s Bank of China proposed that the people’s Bank of China should implement a prudent monetary policy, maintain reasonable and sufficient liquidity, promote the reduction of comprehensive financing costs, and provide a good monetary and financial environment for overall epidemic prevention and control and economic and social development. Attach great importance to and vigorously support agricultural production and the smooth production and supply of important energy sources such as coal, oil and natural gas, and maintain basic price stability. We will give full play to the dual functions of the total amount and structure of monetary policy, implement various financial policies and measures to stabilize enterprises and ensure employment, and focus on supporting small and micro enterprises and difficult industries and vulnerable groups affected by the epidemic.
The cbcirc Party committee meeting pointed out that it is necessary to strengthen the rescue of market entities and strengthen credit support and insurance guarantee for industries and small, medium and micro enterprises greatly affected by the epidemic. Improve the financial service level of new citizens, strengthen financial support for regions and industries that attract more new citizens, and effectively meet the financial needs of new citizens in terms of entrepreneurship and employment, house purchase and housing, education and training, medical care and pension. We will optimize financial support for key areas of consumption and promote more targeted expansion of consumption. Fully support the smooth freight logistics, do a solid job in financial support and energy supply, and effectively ensure the safety and stability of the industrial chain and supply chain.
In terms of stabilizing expectations and preventing risks, the cbcirc Party committee meeting also pointed out that we should continue to improve the long-term mechanism of “stabilizing land prices, house prices and expectations”, support the improvement and rigid housing demand, and promote the virtuous circle and healthy development of the real estate industry. Actively support the smooth operation of the capital market, promote the two-way flow of capital, and attract more foreign direct investment and securities investment. Adhere to the “two unwavering”, set the red light and green light, and promote the healthy development of the platform economy. Hold the bottom line of no systemic financial risk. Make good use of the special bonds of local governments to supplement the capital of small and medium-sized banks. Further enrich the financial stability guarantee fund, build a national financial safety net, and timely implement risk disposal to ensure economic and social stability.
The Party committee (enlarged) meeting of the CSRC stressed the need to respond to market concerns in a timely manner, guide market expectations, stimulate market vitality and potential, further improve market resilience and promote the stable and healthy operation of the capital market.
The Party group (enlarged) meeting of the State Administration of foreign exchange stressed the need to further deepen the reform and opening up in the field of foreign exchange, promote the facilitation of cross-border trade and investment, focus on small and medium-sized enterprises, optimize foreign exchange services, and implement the issued foreign exchange support policies; We should strengthen the analysis, judgment and expectation guidance of the economic and financial situation, strengthen the integrated management of “macro prudence + micro supervision” of the foreign exchange market, and maintain the steady operation of the foreign exchange market and the national economic and financial security.
Massive information and accurate interpretation are all in Sina Finance app