In the current epidemic situation, making good use of financial instruments and financial measures to provide supplies and support for the real economy is extremely important to ensure steady economic growth, stable employment and risk prevention and control this year. Recently, the people's Bank of China and the State Administration of foreign exchange issued the notice on doing a good job in epidemic prevention and control and financial services for economic and social development, which put forward 23 specific measures to focus on the pain points and difficulties in the current economic operation, reflecting the financial responsibility, which should be used well and fully. These 23 measures are divided into four parts, reflecting the policy intention of internal and external overall planning, point-to-point integration and giving consideration to both far and near. The purpose of the first part of the measures is to provide accurate financial services and support for industries, enterprises and people greatly affected by the epidemic in the near future. The first is to maintain reasonable and sufficient liquidity on the whole. On the basis of adhering to the financial chess game and according to the actual situation, appropriately improve the tolerance of deposit reserve assessment for the financial institutions substantially affected. Increase support for specific industries, such as accommodation and catering, wholesale and retail, cultural tourism, and specific enterprises, such as agriculture related enterprises, small, medium-sized and micro enterprises; Provide differentiated financial support to areas seriously affected by the epidemic and people in distress, and take reasonable measures such as delaying the repayment time, extending the loan term and delaying the repayment of principal; Especially during the epidemic period, we should provide convenient financial market services for relevant subjects, help relevant enterprises and subjects carry out financing and other activities in time, and use financial services in a timely and convenient manner. The second part of the measures is aimed at the overall work of the economy, taking into account the short-term and medium and long-term considerations, so as to provide a stable and sustainable financial guarantee for the healthy and stable operation of the real economy. Including ensuring food security and unimpeded production and marketing of important agricultural products, ensuring the safety of energy supply such as coal, increasing support for smooth circulation in the logistics industry, and strengthening the financial guarantee of core enterprises in the industrial chain supply chain. Considering the acceleration of steady growth in the first half of the year, especially the realization of physical workload, we must increase support for key investment fields and investment projects to ensure the commencement of relevant key projects as soon as possible; Support local governments to appropriately advance infrastructure investment; Ensure the smooth implementation of projects under construction. It is emphasized to improve the financial services in the housing field, better meet the reasonable housing needs of home buyers, and promote the steady and healthy development of the real estate market. Do not engage in "one size fits all" and maintain the stable and orderly release of real estate development loans; Meet the reasonable financing needs of construction enterprises and maintain their continuous and stable financing. In terms of supporting and encouraging the healthy development of private economy, it emphasizes that private enterprises should be treated equally in terms of loans and bond financing; Encourage financial institutions and private enterprises to build medium and long-term cooperative relations to meet their reasonable financial needs; Give play to the leading role of the national financing guarantee fund to provide credit enhancement and other services for qualified private enterprises. In terms of financial promotion of consumption, first, emphasize the positive role of platform enterprises in financial services, support them to provide online financing products and non-contact financial services to merchants and consumers; At the same time, they are encouraged to tilt to the fields of "agriculture, rural areas and farmers" and small and micro enterprises, and reduce the level of interest and charges. Second, financial institutions are required to improve and innovate services, and take more people-friendly and market-oriented measures for financial consumption in the field of people's livelihood. In order to support and guide financial institutions to carry out pension financial business, the central bank will set up a special refinancing for inclusive pension to increase support for inclusive pension institutions. The more difficult the economy is, the better it is to coordinate the internal and external markets. Stabilizing foreign trade and foreign investment is not only the need for stable domestic growth, but also the need to maintain the stability of the global industrial chain and supply chain, and the need to realize the benign interactive development between inside and outside. The third part of the measures are mainly aimed at the field of foreign trade and export, and further improve and refine the relevant policies. First, improve the foreign exchange revenue and expenditure and settlement mechanism to facilitate foreign trade enterprises to carry out business; Second, facilitate enterprises to carry out cross-border loans and creditor's rights financing, including supporting qualified high-tech and "specialized and special" small and medium-sized enterprises to carry out the pilot of foreign debt facilitation quota; Third, encourage financial institutions to support and help enterprises improve exchange rate risk management, including supporting enterprises to expand RMB cross-border settlement, optimize the management and services of foreign exchange derivatives business, encourage qualified regions to strengthen government bank enterprise cooperation, and explore and improve the cost sharing mechanism of exchange rate hedging; Fourth, optimize cross-border business processes and services through digital means and innovative investment and financing products; Fifth, strengthen the support of export credit insurance; Sixth, improve the convenience of investors' cross-border investment and financing. These measures provide three-dimensional policy support to foreign trade enterprises in terms of financing convenience, procedure convenience, risk control and resolution, so as to facilitate them to effectively deal with risks and carry out trade activities. The fourth part is for the "synthetic effect" of the policy, which aims to ensure the sustainability and balance of the policy in the implementation process, and finally achieve the optimal effect. This part emphasizes two points: first, give full play to the leading role of Party construction and emphasize the correct political position to grasp and implement policies; Second, adhere to the principles of marketization and rule of law, act according to the laws of the market, ensure the healthy operation of financial institutions, and ensure the compliance and rational use of funds by enterprises. Since the operation and transmission of policies involve many fields, departments and links, if the implementation is improper and ineffective due to rigid mechanical understanding, it may create new risk exposure, delay the market opportunity, or even cause major losses, leaving "sequelae" for the next development. Therefore, we must unify the political requirements with the market law to prevent moral hazard and wrong understanding and implementation of policies. In the implementation, we should actively respond to new situations and market fluctuations, and strive to achieve the best "synthetic effect". (Xinhua News Agency)