Anti-cyclical Regulation of the Second Half of the Second Half of the Fist for Stabilizing Finance Portfolio

category:Finance
 Anti-cyclical Regulation of the Second Half of the Second Half of the Fist for Stabilizing Finance Portfolio


The meeting proposed that we should further stabilize employment, finance, foreign trade, foreign investment, investment and expectations, and boost market confidence. Analysts generally believe that stable finance is placed in the second place of six stable, which shows its importance. Financial stability plays an important role in promoting stable economic operation, harmonious social development and employment.

In terms of stabilizing financial support to the real economy, the central bank continued to promote a lenient monetary policy in the first half of the year. From January to June, DR007 dropped by about 10 basis points from the second half of 2018. At the same time, the central bank has made great efforts to open the channel of wide currency to wide credit of real economy by implementing such policy tools as reduction, directional reduction and TMLF (facilitation of directional medium-term lending). We can see that from January to May, financial data, including credit, M2 and social financing scale, rebounded.

In terms of policy support, the CBRC has issued a number of documents, starting with assessment indicators, to increase positive incentives. At the same time, it requires banks to establish and improve the mechanism of due diligence, exemption and error-tolerance for loans of private and small enterprises, guide banks to dare to lend, willing to lend and be able to lend, and accurately drip funds into small and small enterprises and private enterprises. Enterprises.

Preventing and defusing financial risks is also an important focus of stabilizing finance. Taking recent banking emergencies as an example, the central bank and other departments have blocked cross-agency, cross-market diffusion and transmission of risk through interbank deposit receipts credit enhancement, new rediscount and SLF quotas, and raising the cap of short-term balance of head securities firms.

In the first half of the year, we have made positive progress in stabilizing finance, steadily and orderly advancing the real economy of financial services, and preventing and resolving major financial risks. In the second half of this year, what will be the policy focus of stabilizing finance?

Source: Liable Editor of Securities Daily: Yang Qian_NF4425