TechFlow news: The Shanghai Head Office of the People's Bank of China recently held its 2024 work conference, highlighting two key priorities.
First, implementing prudent monetary policy by guiding rational credit growth, making full use of monetary tools such as re-lending for agriculture and small businesses, promoting local government implementation of housing loan policies, establishing a financial alliance for science and technology innovation, advancing green finance reform and innovation, deepening the long-term mechanism for "four loans," and supporting market entities in issuing innovation-focused debt financing instruments and green bonds.
Second, persistently preventing and defusing financial risks. This includes strengthening risk monitoring in key areas, prudently handling troubled financial institutions, preventing and addressing risks related to virtual currency trading and speculation, strictly cracking down on financial violations, deepening governance of the "payment chain" involved in gambling and fraud, enhancing anti-money laundering supervision effectiveness, establishing a long-term mechanism for governing "credit score repair" scams, and conducting additional supervision on systemically important financial institutions.
