The Central Bank of China's "China Regional Financial Operation Report (2023)" released on the 9th stated that it will adapt to the new situation of significant changes in the supply and demand relationship in the real estate market, adjust and optimize real estate policies in a timely manner, and promote the stable and healthy development of the real estate market. The report states that the current international economic growth is slowing down, inflation is still at a high level, geopolitical conflicts continue, the tightening effect of central bank policies in developed countries is evident, and the volatility of international financial markets is intensifying. The domestic economy is facing new difficulties and challenges, mainly due to insufficient domestic demand, operational difficulties for some enterprises, and high risks and hidden dangers in key areas. However, the Chinese economy has enormous resilience and potential, and the long-term fundamentals for improvement have not changed. The report states that the People's Bank of China will implement a precise and robust monetary policy, increase efforts in countercyclical regulation, and make every effort to stabilize growth, employment, and prices, providing stronger support for the real economy. Maintain reasonable and sufficient liquidity, maintain a reasonable and stable pace of credit growth. Continue to play a good role in the funding of policy based development financial instruments that have been invested, enhance the guiding role of government investment and policy incentives, and effectively drive and stimulate private investment. At the same time, pay attention to the marginal changes in price trends and maintain basic stability of price levels. Give full play to the driving role of structural monetary policy tools, continue to increase support for key areas and weak links of the national economy such as inclusive finance, green development, technological innovation, and infrastructure construction, and comprehensively implement policies to promote regional coordinated development. In addition, it is necessary to establish a system and mechanism for effectively serving the real economy through finance, improve the financial support system for technological innovation, and continue to increase financial support for stabilizing and expanding job opportunities for enterprises and key groups for entrepreneurship and employment. Balancing internal and external balance, maintaining basic stability of the RMB exchange rate at a reasonable and balanced level, and resolutely preventing the risk of exchange rate overshoot. Promote high-level two-way financial openness, improve economic and financial management capabilities and risk prevention and control capabilities under open conditions. (New News Agency)
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：chinanews.com
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