In a bold move to drive technological advancements and foster a resilient market, the People’s Bank of China (PBOC) has announced plans to deploy new structural monetary policy tools. The measures are aimed at boosting tech innovation, spurring domestic consumption, and enhancing foreign trade.
During a quarterly meeting of its monetary policy committee, the PBOC outlined a strategy that leverages a range of financial instruments, including swap facilities, stock repurchase schemes, and refinancing mechanisms. These efforts are designed to maintain capital market stability and support a dynamic business landscape.
The central bank also reaffirmed its commitment to private businesses by calling for better coordination to ease financing barriers for small and micro enterprises. This initiative is expected to pave the way for a more inclusive, innovation-driven economy.
Addressing challenges faced by the real estate sector, officials emphasized the need to fully implement existing financial policies while strengthening fundamental regulations. The goal is to stabilize the property market and foster a healthier housing model.
Looking ahead, the PBOC indicated that macroeconomic adjustments—including potential reductions in the reserve requirement ratio and interest rates—will be considered as domestic and global economic conditions evolve. This proactive approach is viewed as a significant step towards securing long-term economic resilience and market sustainability.
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PBOC to boost support for tech innovation, capital market stability
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