Central Bank: Increase credit support for enterprises

Xinhua News Agency, Beijing, August 1st (Reporter Wu Yu) The reporter learned from the People's Bank of China on the 1st that the People's Bank of China will maintain a reasonable and abundant liquidity in the second half of the year Return to the trend, implement policies and measures, focus on stabilizing employment, stabilizing prices, play a key role in effective investment, and maintain economic operation in a reasonable range.

The People's Bank of China held a work conference in the second half of the 2022 of the day that since this year, the implementation of stable monetary policy has been further increased, and the key areas of the economic market have received effective financial support. From January to June, the average interest rate of corporate loans fell to a new low since the statistics. At the end of June, the growth rate of broad currencies (M2), social financing, and RMB loan balances exceeded 10%, which increased its support for the real economy.

Talking about the deployment of key work in the second half of the year, the meeting pointed out that maintaining the smooth and moderate growth of monetary credit. Comprehensively use a variety of monetary policy tools to maintain reasonable liquidity. Guide financial institutions to increase loans to the real economy and maintain continuously growing loans. Guide the actual loan interest rate to drop steadily. Use policy development financial instruments to focus on supporting the construction of infrastructure fields. Increase financial support for key areas such as private small and micro enterprises.

The meeting proposed that the People's Bank of China will implement the requirements of systemic banks' additional supervision requirements and introduce the evaluation methods of system importance insurance companies. The market access market for good financial holding companies will be carried out in all aspects of financial holding companies. Accelerate the development of the counters' bond market, and steadily promote the pilot work of the integrated funds pool of the local and foreign currency of multinational companies. Support overseas entities to issue "panda bonds" and steadily promote the launch of "swap". Orderly expand the pilot of digital RMB.

In addition, the meeting pointed out that the risks of key areas are safely resolved. Prevent and resolve the risk of small and medium banks. Differential housing credit policies are implemented due to urban policies. Maintain the stable financing channels such as real estate credit, bonds, etc., and accelerate the exploration of new real estate development models. Supervise platform enterprises to fully complete rectification, implement standardized, transparent, and expected normalized supervision, and give full play to the role of the platform economy to create employment and promote consumption.

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