The central bank: 0.5percent of the take-off and fall standards on January 6 release about 800 billion yuan of funds

category:Global
 The central bank: 0.5percent of the take-off and fall standards on January 6 release about 800 billion yuan of funds


The peoples Bank of China will continue to implement a sound monetary policy, maintain flexibility and moderation, avoid flooding, take into account internal and external balance, maintain reasonable and sufficient liquidity, adapt the scale growth of monetary credit and social financing to economic development, stimulate the vitality of market players, and create a suitable monetary and financial environment for high-quality development and supply side structural reform.

1. How does the reduction support the real economy?

A: this reduction is a comprehensive one, reflecting the counter cyclical adjustment, releasing more than 800 billion yuan of long-term funds, effectively increasing the stable sources of funds for financial institutions to support the real economy, reducing the cost of funds for financial institutions to support the real economy, and directly supporting the real economy. This reduction in liquidity is conducive to achieving the growth of monetary credit and social financing scale in line with economic development, creating a suitable monetary and financial environment for high-quality development and supply side structural reform, and using market-oriented reform methods to dredge monetary policy guidance, which is conducive to stimulating the vitality of market players and further exerting the decisive role of the market in resource allocation To support the development of real economy.

2. Is this reduction in the standard conducive to alleviating the financing difficulties of small and micro enterprises and private enterprises?

A: this reduction increases the source of funds for financial institutions. Large banks should focus on services. Small and medium banks should focus more on the main business and actively use the reduction funds to increase support for small and micro enterprises and private enterprises. In this comprehensive reduction, only urban commercial banks operating in the provincial administrative areas, rural commercial banks serving the county, rural cooperative banks, rural credit cooperatives and rural banks and other small and medium-sized banks have received more than 120 billion yuan of long-term capital, which is conducive to strengthening the capital strength of small and micro banks serving private enterprises based on the local and returning to the source. At the same time, the reduction of the standard reduces the banks capital cost by about 15 billion yuan per year. Through bank transmission, the actual cost of social financing can be reduced, especially the financing cost of small and micro enterprises and private enterprises.

3. Does the reduction of the standard mean that the orientation of sound monetary policy has changed?

A: this reduction is a hedge against the cash investment before the Spring Festival. The total liquidity of the banking system will remain basically stable, flexible and moderate, rather than flooding. It reflects the scientific and steady control of the counter cyclical adjustment of monetary policy, and the orientation of stable monetary policy has not changed.

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