On August 22, the people's Bank of China announced that in order to thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council, Yi Gang, President of the people's Bank of China and director of the office of the financial commission of the State Council, presided over a forum of some financial institutions on August 22, to convey and study the spirit of the important instructions of the leading comrades of the Party Central Committee and the State Council, analyze and study the current monetary and credit situation, and deploy and promote the current and next stage of monetary and credit work. The meeting held that since the beginning of this year, the people's Bank of China and the China Banking and Insurance Regulatory Commission have resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council, strengthened the implementation of prudent monetary policies, given consideration to short-term and long-term economic growth and price stability, internal and external balance, and supported the overall planning of epidemic prevention and control and economic and social development. All major financial institutions took the initiative to take the initiative, increased credit supply, and strongly supported the positive economic growth in the second quarter. From January to July, RMB loans increased by 14.4 trillion yuan, an increase of 516.1 billion yuan over the previous year. At the end of July, the growth rate of M2, social financing scale and RMB loan balance remained above 10%. The loan interest rate continued to decline. From January to July, the enterprise loan interest rate was 4.29%, a year-on-year decrease of 0.34 percentage points. The meeting pointed out that China's economy continued to recover its development trend, but there were still small fluctuations. At present, we are at the most difficult juncture of economic recovery. We must consolidate the foundation of economic recovery and development with a sense of urgency that time will not wait. The financial system should further improve its political position, enhance its sense of responsibility, fully implement the requirements of preventing the epidemic, stabilizing the economy, and ensuring safe development, implement the decisions and arrangements of the Party Central Committee and the State Council in detail, keep the economic operation within a reasonable range, and take practical actions to welcome the victory of the 20th National Congress of the Communist Party of China. The meeting emphasized that major financial institutions, especially large state-owned banks, should strengthen macro thinking, give full play to their leading and pillar roles, and maintain the stability of the growth of total loans. It is necessary to increase loans to the real economy and further do a good job in credit support for small and micro enterprises, green development, scientific and technological innovation and other fields. We should ensure the reasonable financing demand of real estate. We should increase financial support for key areas of the platform economy in accordance with the law and regulations. Policy oriented development banks should make good use of policy oriented development financial tools, increase support for projects related to key areas such as network infrastructure construction, industrial upgrading infrastructure construction, urban infrastructure construction, agricultural and rural infrastructure construction, and national security infrastructure construction, so as to form physical workload as soon as possible and drive loan delivery. We should adhere to the principles of marketization and rule of law, and coordinate the relationship between the steady growth of credit and the prevention of financial risks. (news agency)