To help the economy steady growth, financial growth must be "timely rain"

Yan Yue

Another financial "raining" fell in time.

In order to maintain the liquidity of the banking system, on August 15, the central bank launched a 400 billion yuan medium -term borrowing convenience (MLF) operation and the 2 billion yuan open market reverse repurchase operation, which fully met the needs of financial institutions. The bid interest rates of the two operations decreased by 10 basis points.

The "China Monetary Policy Implementation Report in the second quarter of 2022" released by the central bank's recently proposed that the main work of the next stage is to "play the effectiveness and guidance of the loan market quotation interest rate reform and promote the reduction of comprehensive financing costs of enterprises." It can be seen that the "interest rate cut" of the central bank is the embodiment of this policy idea.

Since the beginning of this year, the effectiveness and guidance of the loan market quotation interest rate reform have been released. In June, the average interest rate of the loan was 4.41%, a year -on -year decrease of 0.52 percentage points. The average interest rate of corporate loans was 4.16%, a year -on -year decrease of 0.42 percentage points.

On August 20, LPR will also be announced in August. The industry estimates that LPR's guidance effect may continue to be played in August. It is reported that in July, LPRs were: 1 -year LPR is 3.7%, and LPR of 5 years or more is 4.45%.

Now, economic recovery has reached a critical period, and next, the following financial "timely rain" will be accurately landed.

First of all, policy development banks have implemented the scale of 800 billion yuan in credit and set up 300 billion yuan in financial instruments. This part of the fund will drive and guide commercial banks and social funds to follow up to provide financing support, and promote infrastructure construction and accelerate the formation of physical workload.

Secondly, the intensity of the financial "carbon road" will increase. Financial "carbon roads" refer to financial institutions to support green and low -carbon development in accordance with the principles of marketization. Eligible financial institutions must provide preferential interest rate financing for key projects with significant carbon emission reduction benefits. In the next stage, it is necessary to implement the support tools for carbon emission reduction and support the clean and efficient re -loan of coal cleaning and efficient use to meet the needs of investment and financing in the process of carbon peak carbon neutrality and target.

Third, financial support for small and micro enterprises will maintain a certain strength. The development of small and micro enterprises is related to economic activity and employment issues, which has always been the key target of financial support. On May 26, the central bank issued the "Notice on Promoting the Establishment of Financial Services for Small and Micro -Enterprises Dare to Loan the Loan Loan and Loan Council", which focuses on improving the will, capabilities and sustainability of financial institutions to serve small and micro enterprises for small and micro enterprises, and help steadily help stability Market subjects, employment and entrepreneurship, and economic growth. At present, financial regulatory departments in various places have successively introduced supporting measures. Commercial banks have also launched specific implementation plans. For example, postal savings banks have launched 19 measures, and other commercial banks have also launched measures suitable for their own characteristics.

Fourth, the "timely rain" of finance will also be reflected in the development of the bond market. "Powering and efficient Unicom's multi -level bond market system" has become a established goal. The joint force of the development of the bond market has begun to reflect. In the next stage, the bond market's innovative support for key areas and weak links will be the quality and efficiency of the bond market to serve the real economy of the real economy. What is important.

Finally, there are general attention cuts and restrictions from all walks of life. On August 15th, the decline in the interest rate of MLF and inverse repurchases has answered this question.

"I'm not afraid of the huge waves, I'm afraid of the paddle." Facing the complex economic situation at home and abroad, my country's economic stable growth requires financial maintenance to maintain its strategic determination. While resolutely not engaged in "big water irrigation", it is also necessary to prepare for "timely rain" to ensure that various market entities can get urgent need for urgent need for urgent need The funding demand also added a weight to achieve the economic growth goal this year.

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