Stable monetary policy, precise and effective promotion of corporate financing and resident credit costs, while maintaining stability and reducing financial risks | Sector | Enterprises
CCTV News: The People's Bank of China released its second quarter 2023 monetary policy execution report on August 17th. The report points out that in the next step, a prudent monetary policy should be precise and effective, promoting stable and moderate reduction in the financing costs of enterprises and residents.
The People's Bank of China stated that structural monetary policy tools should focus on key areas, be reasonable and moderate, and have both progress and retreat. It will continue to implement existing tools, extend the implementation period for areas with prominent structural contradictions, and continue to increase support for small and micro enterprises, technological innovation, green development, and other areas.
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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.
Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and resolutely prevent the risk of exchange rate overshoot. Effectively prevent and resolve financial risks in key areas, coordinate financial support for local debt risk resolution, steadily promote the reform and insurance of small and medium-sized financial institutions, and maintain the bottom line of preventing systemic financial risks.
![Stable monetary policy, precise and effective promotion of corporate financing and resident credit costs, while maintaining stability and reducing financial risks | Sector | Enterprises](https://a5qu.com/upload/images/d0b1862708876a9641d524d43faf0221.jpg)