Changjiang Commercial Daily News ● Yangtze River Business Daily reporter Li Yan
As the incremental financial policy landed, social expectations were obviously obvious Improvement, market confidence has been significantly improved.
On November 8th, the Peoples Bank of China released the China Monetary Policy Implementation Report in the third quarter of 2024 to summarize the implementation of monetary policy in the first three quarters.
Data show that the total financial volume has increased reasonably since this year. The trillion yuan; the credit structure continued to optimize. At the end of September, the Inclusive micro -loan and the manufacturing industrys medium- and long -term loans increased by 14.5%and 14.8%year -on -year, all exceeding the growth rate of all loans.
The report pointed out that the Peoples Bank of China will continue to promote high -quality financial development and the construction of financial power, deepen the reform of the financial system, accelerate the improvement of the central bank system, and further improve the framework of monetary policy.In the next stage, we will firmly adhere to supportable monetary policy positions, increase the strength of monetary policy regulation, improve the accuracy of monetary policy, and create a good monetary financial environment for economic stable growth and high -quality development.
Guide the reasonable growth of the credit of the credit
The central bank reports that the stable monetary policy is flexible, accurate and effective Increase the adjustment of counter -cyclical adjustment, and create a suitable monetary and financial environment for the rise of the economy.
Maintain the reasonable growth of monetary credit.A total of 1 percentage points were reduced in February and September, and the long -term liquidity was released for a total of 2 trillion yuan. Maintain reasonable liquidity.Promote the balanced credit of credit, revitalize low -efficiency stock financial resources, and improve the quality and efficiency of the real economy.
Promote the steady and decreased cost of social comprehensive financing.In January, the branch agricultural branch small reinforcement loan and re -discount interest rate were 0.25 percentage points. In July and September, the 7 -day reverse repurchase operation rate of the 7 -day reverse repurchase operation rate was 0.3 percentage points in July and September. (LPR) market interest rates have declined.
Guide the adjustment and optimization of the credit structure.Introduce real estate support policies, reduce the interest rate of stock loans, uniformly uniformly set up the minimum down payment ratio of the first house and two -suite, and optimize the re -loan of affordable housing; create securities, funds, insurance companies for exchange convenience and stock repurchase, increase holdings and re -loan, support Stable development of the stock market; promote the use of scientific and technological innovation and technological transformation and re -loan use process, increase financial support for large -scale equipment renewal and consumer goods with old -fashioned new financial support; relax the standards for the identification of inclusive small and micro loans A good structural monetary policy tool.
The exchange rate is basically stable.Adhere to the decisive role of the market in the formation of exchange rate formation, play a regulatory function of the exchange rate on the macroeconomic, international revenue and expenditure, maintain the elasticity of the exchange rate, and strengthen the expected guidance.
Strengthen risk prevention and resolution.Improve financial risk monitoring and evaluation, steadily and orderly promote the disposal of risks and key risk projects in key areas, orderly promoting the resolution of financial support for financing platform debt risks, and strengthening the construction of financial stability guarantee systems.
Overall, this year has adhered to supportive monetary policy, which has strongly and effectively support the economys recovery.The cost of financing was steadily declining. In September, the average interest rate of the new corporate loan loan was 3.51%, which was 0.31 percentage points lower than the same period last year.RMB has risen steadily on a basket of currencies. At the end of September, the RMB exchange rate index of the China Foreign Exchange Trading Center (CFETS) increased by 1.0%from the end of the previous year.
Regarding the follow -up monetary policy, the report states that the stable monetary policy must be flexible and accurate and effective.Reasonably grasp the relationship between credit and bonds, maintain reasonable liquidity and abundant liquidity, guide the reasonable growth and balanced credit of credit, and maintain the scale of social financing, currency supply with economic growth and price level expected goals.Promoting the promotion of prices reasonably as an important consideration to grasp the monetary policy, and to promote the price at a reasonable level.
The balance of various loans at the end of the three seasons is 25.361 trillion
Since this year, China has increased macro -control. Focus on deepening reform and opening up, expanding domestic demand, optimizing economic structure, and stable economic operation.
According to the statistical report of loan investment in financial institutions in the third quarter issued by the central bank on the same day, at the end of the third quarter of 2024, the balance of RMB loans of financial institutions was 25.361 trillion yuan, an increase of 8.1%year -on -year. In the third quarter, RMB loans increased by 1.602 trillion yuan.
Statistics show that loans in the field of inclusive finance have remained rapidly growing.At the end of the third quarter, the balance of RMB inclusive micro -loan was 3.2.9 trillion yuan, an increase of 14.5%year -on -year, the growth rate was 6.4 percentage points higher than each loan, and the first three quarters increased by 3.51 trillion yuan.
Green loan has maintained a high -speed growth.At the end of the third quarter, the balance of green loans from local and foreign currencies was 3.575 trillion yuan, an increase of 25.1%year -on -year, and the growth rate was 17.5 percentage points higher than various loans. In the first three quarters, it increased by 5.67 trillion yuan.
Agricultural loan -related loans continue to grow.At the end of the third quarter, the balance of foreign currency -related loans was 51.13 trillion yuan, an increase of 10.8%year -on -year, and the growth rate was 3.2 percentage points higher than each loan. In the first three quarters, it increased by 4.42 trillion yuan.
Real estate development loans have maintained growth.At the end of the third quarter, the balance of RMB real estate loans was 5.29 trillion yuan, a year -on -year decrease of 1%.Among them, the balance of real estate development loans was 13.79 trillion yuan, an increase of 2.7%year -on -year, and the growth rate was 1.2 percentage points higher than the end of the previous year. In the first three quarters, it increased by 638.5 billion yuan.
Household consumer loans have maintained growth.At the end of the third quarter, the balance of loans from local foreign currency residents was 8.205 trillion yuan, an increase of 3.1%year -on -year, and 1.94 trillion yuan in the first three quarters.
The reporter from the Yangtze River Business Daily noticed that since this year, the central bank has issued a multi -round incremental financial policy.Recently, the central bank has announced an incremental financial policy that supports economic stable growth, and further enhances the support of the real economy.
According to previous disclosure, the four real estate financial policies have been released. The interest rate of the stock mortgage has completed batches of batch adjustments on October 25 to benefit 50 million households and reduce family interest expenses each year. 150 billion yuan; the two tools that support the stable development of the capital market are officially launched, and securities, funds, and insurance companies have begun to accept application for financial institutions. Stock repurchase and additional holding of special re -loan policy documents have also been released.
The market generally believes that the current economic operation is still facing difficulties and challenges, and external uncertainty is also rising. In the future, monetary policy will maintain sufficient support for the real economy.
For the main ideas of the next stage of the monetary policy, the report states that with the high -quality development and structural transformation of my countrys economy, the currency supply required for the development of the real economy is changing.In the next stage, Chinas monetary policy framework will gradually dilute the attention of quantitative goals, take the total amount of financial as an indicator of observation, reference, and expected, and pay more attention to the role of interest rate regulation, and continuously improve the high quality of financial support for the real economy to support the real economy. Development adaptability and effectiveness.
