On March 12th, Pan Gongsheng, the Governor of the People's Bank of China, presided over a symposium with economic and financial experts to analyze and study the current economic and financial situation. He also listened to expert opinions and suggestions on topics such as monetary and financial policy support for the real economy, reform and improvement of the monetary policy framework, and stable development of the financial market. Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange, Xuan Changneng and Zou Lan, Vice Governors of the People's Bank of China, and Li Bin, Deputy Director of the State Administration of Foreign Exchange, attended the meeting. Experts such as Li Yang, Wu Xiaoqiu, Zhang Xiaohui, Peng Wensheng, Guan Tao, Xu Qiyuan, Xing Ziqiang, and Lu Zhe spoke separately. Everyone unanimously agrees that the main goals and tasks for economic and social development by 2025 have been successfully completed, and monetary policy support for the real economy has achieved significant results. This year marks the beginning of the 15th Five Year Plan. Faced with complex internal and external situations, macroeconomic policies have become more proactive and proactive, and the economic performance has continued to improve since the beginning of the year. The attending experts also put forward suggestions on how to implement a moderately loose monetary policy, reform and improve the monetary policy framework, and maintain the stable operation of the financial market. Pan Gongsheng stated that many constructive suggestions have been put forward by everyone. Since the beginning of this year, the People's Bank of China has resolutely implemented the decisions and deployments of the Party Central Committee and the State Council. On the basis of the continued effectiveness of existing policies, it has also issued several adjustment items involving structural monetary policy tools. The moderately loose monetary policy has achieved good results, effectively boosting market confidence and stabilizing social expectations. In the next stage, the People's Bank of China will fully implement the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, the Central Economic Work Conference, and the deployment requirements of the Government Work Report, build a scientific and stable monetary policy system, continue to implement a moderately loose monetary policy, increase efforts in countercyclical and cross cyclical adjustments, and create a suitable monetary and financial environment for the sustained improvement and optimization of the economy. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Securities Daily
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