According to Xinhua News Agency, Beijing, July 31st, a reporter learned from the People’s Bank of China on the 31st that the People’s Bank of China must maintain macro policy stability in the second half of the year, insist on not engaging in “flood flooding”, and enhance forward-looking effectiveness and prudent monetary policy. Continue to focus on supporting the real economy.
The People's Bank of China held a work conference for the second half of 2021 on the 30th and proposed that the prudent monetary policy in the first half of the year maintained continuity, stability, and sustainability, and provided strong support for the recovery of economic stability. The green financial system has accelerated development. We will do a solid job in preventing and resolving financial risks. Promote the standardized development of platform corporate financial services, and severely crack down on illegal activities of virtual currency.
The meeting pointed out that in the second half of the year, we will adhere to the principle of stability, and the prudent monetary policy must be flexible, precise, reasonable and appropriate. Overall coordination and speed up 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.
At the same time, a relevant person from the People's Bank of China said that in the second half of the year, financial opening will be further promoted in an orderly manner. 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 steadily the digital RMB research and development pilot.
Source: Xinhua News Agency
