TechFlow, May 20 — According to Jinshi Data, PBOC Governor Pan Gongsheng presided over and delivered a speech at a symposium on financial support for the real economy. The meeting emphasized implementing moderately loose monetary policy to meet the effective financing needs of the real economy and maintaining reasonable growth in aggregate financial indicators. It called for intensified support for key areas such as technological innovation, consumption recovery, private enterprises and small businesses, and stable foreign trade, making full use of existing and incremental policies to enhance the quality and efficiency of financial support for the real economy, and supporting economic structural adjustment, transformation and upgrading, and the transition from old to new growth drivers. The meeting stressed strengthening the implementation and transmission of monetary policy, safeguarding fair market competition, and promoting an organic integration between financial services for the real economy and banks’ sustainable development. It urged orderly advancement of international RMB usage and improving convenience levels in trade, investment, and financing. The meeting also highlighted balancing development and security and resolutely safeguarding national financial security.
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