金融稳定

【Pan Gongsheng: Since April, the financial market has shown strong resilience】

According to Jin Shi Data on May 7, on May 7, the Governor of the People's Bank of China, Pan Gongsheng, stated at a press conference held by the State Council Information Office that since April, despite facing significant shocks, the domestic financial system has remained robust, and the financial market has demonstrated strong resilience. The Shanghai Composite Index quickly rebounded after a decline on April 7. Currently, the 10-year government bond yield hovers around 1.65%, and after a depreciation, the RMB to USD exchange rate has now recovered to 7.2. #美联储FOMC会议 #币圈 #金融稳定 #区块链

【Pan Gongsheng: Establishing Risk Sharing Tools for Technology Innovation Bonds】Jin Ten Data, May 7 - On May 7, Pan Gongsheng, the Governor of the People's Bank of China, announced at a press conference held by the State Council Information Office the establishment of risk sharing tools for technology innovation bonds. The central bank will provide low-cost relending funds to purchase technology innovation bonds and cooperate with local governments and market-oriented credit enhancement institutions, among others, to share part of the default loss risk of the bonds through diversified credit enhancement measures such as joint guarantees, thus supporting technology innovation enterprises and equity investment institutions in issuing low-cost, long-term technology innovation bonds for financing. (Xinhua News Agency)
#币圈 #货币政策 #金融稳定 #区块链

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🚀China Financial Stability Report Released, China's Economy Steadily Moving Forward in 2024 📈

Latest news, the People's Bank of China has released the "China Financial Stability Report (2024)", bringing us the latest dynamics of the Chinese economy. The report states that despite the complex international situation in 2023, the Chinese economy has still made steady progress, with GDP exceeding 126 trillion yuan, a year-on-year growth of 5.2%, stable employment conditions, and a stable RMB exchange rate, with a robust financial system.

The report also mentions that under the leadership of the central government, the financial system adheres to the principle of seeking progress while maintaining stability, supports the real economy, and prevents and controls risks. For example, by lowering the reserve requirement ratio and policy interest rates, more than 1 trillion yuan of medium- and long-term funds have been released to support microloans and manufacturing. In the real estate market, policies have also been introduced to support stable operations, such as reducing the down payment ratio and interest rates for personal housing loans.

In the face of external shocks, we also have coping strategies, such as adjusting the macro-prudential parameters for cross-border financing to maintain basic balance in international payments. The financial stability guarantee system is also continuously improving, such as accelerating the legislative process for the Financial Stability Law and strengthening the resource guarantee for risk disposal.

Looking ahead, the foundation of the Chinese economy is solid, resilient, and has great potential, and the long-term positive trend remains unchanged. The financial system will continue to implement proactive macro policies, maintain ample liquidity, and support key areas of high-quality development, such as technology finance and green finance. At the same time, it will also continue to strengthen risk prevention and control to ensure financial safety.

In summary, in 2024, the Chinese economy is steadily improving, the financial system is operating soundly, and in the future, we will continue to move forward and maintain high-quality economic development. Let's look forward to more good news together!

#中国经济 #金融稳定 #经济报告