Central bank working conference in 2017: to maintain a stable monetary policy neutral

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Central bank working conference in 2017: to maintain a stable monetary policy neutral

2017-01-06 22:41:54 117 ℃

Original title: 2017 people's Bank of China working conference held in Beijing

2017, the people's Bank of China working conference held in Beijing from 6 to January 5th. The meeting thoroughly implement the spirit of the party's the sixth Plenary Session of the 18th CPC Central Committee and the central economic work conference, summed up the work in 2016, analysis of the current economic and financial situation, the deployment of the work in 2017. People's Bank of China party secretary and governor Zhou Xiaochuan attended the meeting and delivered a speech. Deputy Secretary of the Party Committee presided over the meeting. Members of the party committees in charge of the work requirements.

The meeting pointed out that in 2016, the grim face of complex economic and financial situation, the correct leadership of the CPC Central Committee and the State Council, the people's Bank insist on maintaining stability in the general work guideline, continue to strengthen macro-control, deepen financial reform, and effectively guard against financial risks, to provide a strong support for the realization of "good start" in 13th Five-Year.

First, strengthen the pertinence and effectiveness of prudent monetary policy. According to the economic situation and the financial market liquidity changes, flexible use of conventional open market operations, short-term liquidity adjustment tool (SLO), middle (MLF), lending convenient standing lending facilities (SLF), heavy deposit reserve rate 0.5 percentage points, to maintain an appropriate liquidity. On the basis of the average RMB deposit reserve assessment. Continue to deepen the reform of the RMB exchange rate market, the RMB against the dollar exchange rate formation mechanism of the closing rate + to a basket of currencies exchange rate changes "and orderly operation of the RMB exchange rate against a basket of currencies to maintain the basic stability. Further improve the macro Prudential policy framework, the differential reserve dynamic adjustment mechanism upgrade for macro Prudential assessment (MPA), the full scale cross-border financing macro Prudential Management expanded to the national. Overall, prudent monetary policy to promote a reasonable growth in the scale of money and credit and social financing, for the steady growth and supply side structural reforms to create a suitable monetary and financial environment.

Two is the financial support of the "three to one down one supplement" remarkable results. Support for the coal industry to resolve overcapacity, steel turnaround development. Due to the city to implement policies to improve the differential housing credit policy. Continue to issue mortgage supplementary loan (PSL) to provide long-term stability, cost appropriate funding sources for the shantytowns. In accordance with the principles of market, the rule of law and steadily push forward the work of reducing leverage. Timely cut lending rates in the medium term, to guide the market interest rates down, a reasonable expansion of the scale of corporate bond financing, effectively reduce the cost of corporate finance. Increase financial support to make up the short board field, improvement of entrepreneurial innovation, Small and micro businesses, health pension, student employment in areas such as financial services. Steadily push forward the "two rights" mortgage loans in rural areas. The establishment of poverty alleviation loans, improve the financial system of precise poverty alleviation policy. Promote the construction of green financial system covering banking, securities, insurance and other fields.

Three is the financial market innovation and opening up and standardize the operation to make new progress. In the inter-bank market, the introduction of SDR bonds and other products. Perfect bond market maker management system. Further expand the scope of the main investors, the abolition of the amount limit, improve the efficiency of foreign institutions to invest in inter bank bond market. The introduction of foreign governments and other entities in the territory of the issuance of RMB bonds. Cancel the interbank market access administrative license, do good in the post management. Introduction of Shanghai gold centralized pricing mechanism to enhance China's gold market pricing power. Efforts to strengthen the construction of the financial market system, the issuance of bills trading management approach, the establishment of the Shanghai stock exchange, to promote the development of the bill market norms. According to the decision of the State Council to deploy, led the organization to carry out special rectification of the Internet to achieve financial results.

Four is our country in the international and regional financial influence. By the group of twenty (G20) presidency, leading financial channels form a series of meetings, the important consensus summit in promoting macroeconomic policy coordination, improve the international financial structure, promoting financial sector reform and the development of Inclusive Finance and green finance etc.. To promote the implementation of the financial support of The Belt and Road construction, strengthen bilateral and multilateral financial cooperation, promoting financial cooperation with Hong Kong and Macao.

The five is to promote financial reform steadily. Implement the reform plan of development and policy oriented financial institutions. Agricultural Bank of China to promote the reform of rural finance department. Effectively promote the coordination of macroeconomic regulation and financial supervision, focus on strengthening the prevention of financial risks in key areas. Improve the deposit insurance system. Organization of China's financial sector assessment program (FSAP) update assessment.

The six is to prevent cross-border capital flows and trade and investment facilitation facilitation. Strengthen statistical analysis and monitoring and early warning, strengthen the authenticity of compliance audit and supervision and inspection. Construction of bank self-regulation as the core of foreign exchange management policy transmission mechanism to crack down on all kinds of illegal activities of foreign exchange. Improve the single qualified foreign institutional investors (QFII) and the RMB qualified foreign institutional investors (RQFII) investment quota ceiling, simplify the approval management, relax the lock period restrictions. The full implementation of the management of settlement of foreign debt funds, settlement of foreign exchange income policy will unified domestic institutional capital projects. Rich inter bank foreign exchange market trading body. We will improve the management of foreign exchange reserves to ensure the safety, liquidity and value added of foreign exchange reserves.

Seven RMB internationalization steadily. RMB to join the SDR (SDR) currency basket to take effect, to promote the use of expanded SDR. Further optimize the international use of the RMB policy, strengthen cross-border capital flows in the integration of foreign currency management. Cooperate with relevant departments to continue to optimize the introduction of Shenzhen and Hong Kong through pilot Shanghai and Hong kong. Further promote bilateral monetary cooperation. Expand the scope of RMB qualified foreign institutional investors. Perfect cross-border RMB clearing infrastructure.

Eight is to enhance the level of financial services and management. The process of financial legalization. New achievements have been made in financial statistics and research. Promote the improvement of the financial industry camp changed to increase pilot policy. Accounting and financial transformation. Payment system is increasingly perfect, the implementation of the classification management of personal accounts, to help combat the new telecommunications network crime prevention. Promote the reform of the central bank science and technology management system, science and technology to enhance the level of protection. Currency issuance management to further strengthen the reform of ordinary commemorative coins issued initial results. Actively participate in the implementation of the budget law amendment, the quality and efficiency of Treasury managers significantly improved. Credit management and service work has taken a new step, the breadth and depth of credit system services significantly improved. Improve large and suspicious transaction reporting system, anti money laundering and anti terrorist financing solid progress. Financial consumer protection measures for the development of financial rights and interests of the protection of the working mechanism of continuous improvement. The counselor working mechanism innovation, suggestions to enhance the level of counselor. Increase policy advocacy efforts to effectively guide and stabilize market expectations.

The nine is to implement a comprehensive strictly required new achievements. Strengthen the party's ideological construction. Seriously study and implement the spirit of general secretary Xi Jinping series of important speech and the party's eighteen session of the Fifth Plenary Session of the six, the people's Bank, to strengthen the armed cadres and workers of the ideological and theoretical system. Continue to deepen the party's organizational building. Improve the leadership system of the party building of the people's Bank of china. Carry out the "two learning and one to do" learning education. Conscientiously implement the central decision on the deployment of the party's nineteen representatives of the election. Further strengthen the construction of cadres. Strict supervision and management of cadres, strictly regulate the selection and appointment of cadres. The party's work style and clean government to strengthen comprehensively, to do a good job of the central inspection team pointed out that the implementation of the rectification of the problem and the disposal of the transfer of clues, to carry out special clean-up and special rectification of the problem. Continue to deepen the people's Bank of inspections, and comprehensively promote the full coverage of inspections.

Ten is the remarkable effect of internal management. Branch management, management of enterprises and institutions, staff and democratic management, internal audit, logistics, security and other work to achieve new results.

The meeting pointed out, held last month, the central economic work conference, a profound analysis of the economic situation at home and abroad at present and in the future, the general requirements for the economic work in 2017, macroeconomic policy orientation and key tasks. At present, China's economy maintained steady and healthy development is slow in stabilization, steady for the better, the economy maintained at a reasonable range, improve the quality and efficiency, continue to optimize the structure, the reform and opening up new breakthrough. However, the international and domestic economic and financial situation is still complicated and grim, there are still many outstanding contradictions and risks, macroeconomic regulation and control and financial reform and development and stability of the task is still arduous.

Meeting the requirements of implementing the party's eighteen and eighteen third, fourth, fifth, the six plenary session of the Central Committee and the central economic work conference to a comprehensive system of the people's Bank, insist on maintaining stability in the general work guideline, firmly establish and implement the new concept of development, to grasp the leading economic development of the new normal, adhere to improve the quality and efficiency the center, adhere to structural reform as the main line to promote the supply side, moderate expansion of aggregate demand, maintain a stable monetary policy neutral, expected to strengthen the guidance, overall good steady growth, promoting reform, structural adjustment, improve people's livelihood, anti risk work, and promote the stable and healthy development of economy and finance.

The meeting put forward the main tasks of 2017: first, to maintain a stable monetary policy neutral. Comprehensive use of a variety of monetary policy tools to regulate the flow of good liquidity, liquidity remained stable. Further improve the macro Prudential policy framework to guide the prudent operation of financial institutions. Play the role of monetary policy to optimize the credit structure, support and guide financial institutions to increase support for key areas and weak links. Two is to continue to do the supply side structural reform of financial services. Further increase the intensity of steel and coal to the production, transformation and adjustment of key industries and the coordinated development of Beijing, Tianjin and other major national financial support strategy. Continue to do a good job in financial poverty alleviation. Increase the "double", science and technology, strategic emerging industries and other key areas as well as affordable housing projects, health care, employment, Small and micro businesses, minority areas such as financial support. Due to the city policy, continue to implement differentiated housing credit policy. Three is to effectively prevent and defuse financial risks, firmly hold the bottom line of systemic risk does not occur. Four is to steadily promote key areas and key links of financial reform. Further promote market-oriented interest rate reform. Further improve the RMB exchange rate formation mechanism. Actively guide and stabilize market expectations, to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Promote the implementation of free trade test area financial innovation pilot and green financial system construction. Five is to continue to promote the healthy and stable development of the financial market. Six is to improve the RMB internationalization policy framework and infrastructure. Seven is to participate in the global economic and financial governance. Eight is to further promote the reform of foreign exchange management system. Nine is to continue to strengthen the financial infrastructure construction and management. Ten is to improve the level of financial services and management.

The meeting pointed out that it is necessary to continue to strengthen and improve the party building of the people's bank system, and continue to strengthen internal management. Continue to thoroughly study the general secretary Xi Jinping series of important speech and the spirit of the party in the sixth Plenary Session of the 18th CPC Central Committee, a timely summary of the two learning to do learning and educational experience, to promote the normalization of learning and learning. Conscientiously implement the "guiding principles" on the political life of the party under the new situation and China "Communist Party Supervision Regulations" and other party disciplines, in-depth implementation of comprehensive strict responsibility, refine the responsibility list, strengthen the main responsibility. Strict implementation of the party members and cadres of the dual organizational life system, efforts to improve the quality of democratic life and organizational life. Implementation of various initiatives within the party supervision, outstanding leadership team, especially the number one responsibility. Strengthen the supervision and control of the operation of the power, and resolutely support the discipline inspection team to perform a good supervision. Adhere to the strict management of cadres, and promote the building of institutions at all levels of leadership. With a high sense of political responsibility and meticulous work style, conscientiously carry out the people's Bank of China to attend the party's nineteen representative election.

The meeting stressed that the party will be held in 2017 nineteen, but also the implementation of "an important year in 13th Five-Year" plan and promote the supply side structural reform deepening, do all the work is of great significance. The people's Bank System of cadres and workers to unite closely around the Party Central Committee with Comrade Xi Jinping as the core, conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, the unified thought, creatively carry out the central bank to be enthusiastic and press on, the work to meet the outstanding achievements of the party's nineteen big victory held! (end)