GuShiio.com ① The meeting emphasized that we must adhere to the “two unwavering principles”, unblock the three financing channels of stocks, bonds and loans, increase investment in financial resource elements, and strive to solve the problem of financing difficulties and expensive financing for private enterprises.
② The meeting called for the implementation of moderately loose monetary policy, continuing to do a good job in the “five major issues” of finance, supporting scientific and technological innovation and promoting consumption, maintaining the stable operation of the capital market, and implementing 25 financial measures to support the private economy.
Financial Union, February 20, according to the central bank’s website, on February 20, Pan Gongsheng, Secretary of the Party Committee and President of the People’s Bank of China, presided over a party committee meeting to convey and study the spirit of General Secretary Xi Jinping’s important speech at the private enterprise symposium, and study, deploy and implement measures.
The meeting held that General Secretary Xi Jinping’s important speech at the private enterprise symposium fully affirmed the major achievements made in the development of the private economy and its important contributions to the country’s economic and social development, and emphasized the need to correctly understand the opportunities and challenges faced by the development of the private economy, and consistently adhere to and implement the basic principles and policies of the party and the state on the development of the private economy, and make comprehensive arrangements for promoting the healthy development and high-quality development of the private economy at present and in the future. It provides fundamental guidelines and action guidelines for doing a good job in financial work.
The meeting emphasized that the People’s Bank of China system must conscientiously study and understand the spirit of General Secretary Xi Jinping’s important speech, effectively unify thoughts and actions with the Party Central Committee’s decisions and arrangements on economic work, adhere to the “two unwavering principles”, and adhere to the fundamental purpose of financial services to the real economy, solidly implement various policies and measures to promote the development of the private economy, further smooth the three financing channels of stocks, bonds, and loans, and increase investment in various financial resource elements. Efforts will be made to solve the problem of difficult and expensive financing for private enterprises, and provide strong financial support for the healthy development of the private economy and the strengthening, better and bigger private enterprises.
The meeting required that we should implement a moderately loose monetary policy, continue to do a good job in the “five big issues” of finance, give full play to the dual functions of the total amount and structure of structural monetary policy tools, support scientific and technological innovation and promote consumption. Make good use of stock repurchases and reloans to maintain the stable operation of the capital market. Implement 25 measures to detail financial support for the private economy. Expand the scale of private enterprise bond financing, strengthen risk sharing of private enterprise bonds, and support private enterprises in issuing financing instruments such as science and technology innovation bonds, green bonds, and asset-backed securities. Improve the credit enhancement system for private small and medium-sized enterprises, and solve financing constraints such as insufficient credit and asymmetric information for private small and medium-sized enterprises. Optimize industrial chain Supply Chain Finance services and support private enterprises in the industrial chain to facilitate financing. Establish a regular bank-enterprise communication mechanism, make good use of the national capital flow credit information sharing platform for small, medium and micro enterprises, smooth the service chain, and improve the financing efficiency of private small, medium and micro enterprises.
Members of the Party Committee of the People’s Bank of China and main responsible comrades of relevant departments and bureaus attended the meeting.
