On January 30, Premier Li Keqiang of the State Council visited the People's Bank of China and the Administration of Foreign Exchange and presided over a symposium. At the Central Foreign Exchange Business Center, Li Keqiang communicated with the staff and affirmed that the foreign exchange reserves had achieved good operating income. He said that opening up is a basic national policy. China's economy is deeply integrated into the world. Foreign exchange reserves reflect the confidence of the international community in conducting economic and trade cooperation with China. The stability of exchange rate is related to the overall stability of the economy and finance. In the face of multiple rounds of external shocks in recent years, China's foreign exchange reserves have remained at more than US $3 trillion. The RMB exchange rate is basically stable and relatively stable among the major international currencies, providing strong support for the stability of foreign trade, finance and economy. Li Keqiang has a detailed understanding of the real economy of financial services. He said that finance is the core of modern economy, and financial reform and development in recent years have strongly supported economic development. From the perspective of the past ten years, the average annual growth rate of the economy has increased by 6.2%, from 53 trillion yuan to 121 trillion yuan, and the total assets of financial institutions have increased significantly to more than 400 trillion yuan. At present, the scale of the stock market and bond market ranks second in the world. Only when the economy is good can finance be good, and only when the economy is stable can the economy be stable. At the meeting, the People's Bank of China made a report. We have innovated and strengthened macro-control, adhered to the implementation of a prudent monetary policy, used aggregate and structural tools in line with the current situation, maintained reasonable and sufficient liquidity, and increased support for key areas and weak links, which has played an important role in maintaining macroeconomic stability and serving the development of the real economy. At present, there are more than 160 million enterprises and individual businesses, three times as many as ten years ago. We will focus on alleviating the difficulty and high cost of financing for small, medium-sized and micro enterprises and individual businesses, guide the continuous decline of loan interest rates, develop inclusive finance, and implement the deferred repayment of principal and interest of loans, so as to ensure the stability of employment and people's livelihood of market entities. In the past five years, the balance of loans to small and micro enterprises of Pratt&Whitney has increased by 24% annually. Last year, the average interest rate of corporate loans dropped by 1 percentage point compared with five years ago, which is the lowest since the reform and opening up. Certain state-owned financial institutions turned in the balance profits according to law, which strongly supported tax reduction and refund. In this process, we insisted on not "flooding" and not issuing excess currency, which provided the basic conditions for domestic price stability in the context of global inflation. Last year, consumer prices rose only 2%, and the average annual increase in the 10-year cycle was about 2%. He said that finance must operate steadily and efficiently. We have effectively prevented the risk of abnormal fluctuations in the financial market by using the market-oriented and law-based approach, and handled the risks of small and medium-sized financial institutions, real estate enterprises, online loans and other risks in a timely and stable manner, keeping the bottom line of no systemic risks. Of course, we should also be aware of the existing problems. Maintaining financial stability and preventing risks are still long-term and arduous tasks. Li Keqiang said that the current economic growth is picking up, and the financial system should continue to improve its service
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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