CCTV News: The People's Bank of China announced its key tasks for 2025 on January 4. In 2025, my country will implement a moderately loose monetary policy to prevent and resolve financial risks in key areas. Further deepen financial reform and high-level opening up to the outside world, focus on expanding domestic demand, stabilizing expectations, and stimulating vitality, and create a good monetary and financial environment for promoting the sustained recovery and improvement of the economy.
In terms of monetary policies that are generally concerned by the market, the People's Bank of China has clearly stated that it will implement a moderately loose monetary policy and has made a series of deployments such as "lowering the reserve requirement ratio and interest rate cuts at the right time", "maintaining abundant liquidity and stable growth of total financial volume", and "resolutely preventing the risk of exchange rate overshooting.
Zou Lan, Director of the Monetary Policy Department of the People's Bank of China, said that in order to maintain a reasonable growth in total financial volume, comprehensively use a variety of monetary policy tools, maintain a abundant liquidity, and guide financial institutions to deeply explore effective financing needs, so that the scale of social financing and money supply will grow, match the expected goals of economic growth and total price level.
Give full play to the functions of macro-prudential and financial stability to stabilize the market
In terms of preventing and resolving financial risks, the People's Bank of China will give full play to the functions of central banks' macro-prudential and financial stability to maintain the bottom line of no systemic financial risks. The meeting proposed that in 2025, the People's Bank of China will support the risk disposal of small and medium-sized banks, continue to do a good job in financial support for local government financing platforms, improve and strengthen the macro-prudential management of real estate finance, make good use of two structural monetary policy tools that support the capital market, and maintain the stable operation of the capital market.
Enhance the functions of the bond market and the ability to serve the real economy
In addition, the People's Bank of China stated that it will enhance the functions of the bond market and the ability to serve the real economy. Orderly expand the high-level opening of the financial industry and maintain the bottom line of financial security under open conditions. Steady and prudently promote the internationalization of the RMB and further enhance the international currency function of the RMB.
