The central bank holds a symposium on financial support for the real economy and strengthens support for scientific and technological innovation and other fields

China News Agency2025-05-21

According to the website of the People's Bank of China, in order to implement the decisions and deployments of the CPC Central Committee and the State Council, promote the implementation of a package of monetary and financial policies, and support the sustained recovery and improvement of the economy, the Governor of the People's Bank of China, Pan Gongsheng, recently presided over a symposium on financial support for the real economy and delivered a speech. The meeting proposed to increase efforts to support key areas such as scientific and technological innovation, boost consumption, private micro and micro, and stabilize foreign trade, make full use of existing and incremental policies, improve the quality and efficiency of financial support for the real economy, and support economic structural adjustment, transformation and upgrading, and the transformation of new and old kinetic energy. The meeting believed that the meeting of the Political Bureau of the Central Committee on April 25 analyzed and studied the current economic situation and made important arrangements for the next step of economic work. The financial system must improve its political stance, truly unify its thoughts and actions with the decisions and deployments of the Party Central Committee, focus on stabilizing employment, enterprises, markets, and expectations, and ensure the implementation and transmission of a package of monetary and financial policies and measures, and respond to the uncertainty of sharp changes in the external environment with the certainty of high-quality development. The meeting proposed that a moderately loose monetary policy should be implemented to meet the effective financing needs of the real economy and maintain a reasonable growth in the total financial volume. Strengthen the implementation and transmission of monetary policies, maintain fair order in market competition, and promote the organic unity of financial services for the real economy and the sustainable development of banks. Promote the international use of the RMB in an orderly manner and improve the level of trade and investment and financing facilitation. Coordinate development and security, and resolutely safeguard national financial security.

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