Liu Guoqiang said that on August 24th, the State Council held an executive meeting to deploy the continuation policies and measures of the economic stability package. While implementing the economic stability package, we will implement the 65,438+09 continuation policy, form a joint force, and lay a solid foundation for economic recovery and development. On August 3 1, the the State Council executive meeting deployed measures such as fully releasing the effectiveness of the policy and accelerating the expansion of effective demand. The People's Bank of China, in accordance with the decision-making arrangements of the CPC Central Committee and the State Council, has made every effort to implement a package of policies and continuation policies to stabilize the economy, consolidate the foundation for economic recovery and development, enhance the driving force for development, and strive for the best results.
First, enhance the stability of total credit growth. On the basis of adding 800 billion yuan credit line to policy development banks and 300 billion yuan credit line to policy development financial instruments, more than 300 billion yuan credit line can be added, and the scale can be expanded according to actual needs. Increase support for infrastructure construction and major projects, and include the renovation of old residential areas and provincial roads in the scope of support. Guide financial institutions to expand medium and long-term loans, encourage financial institutions to issue special financial bonds for agriculture, rural areas and small and micro enterprises, and broaden the sources of loanable funds.
The second is to promote the reduction of corporate financing costs. In June, the open market operation and the Mid-term Lending Facility (MLF)65438 in August, the winning bid rate dropped by 20 basis points. Medium-term loan facility is often called "spicy powder", which leads to a decrease of 0. 1 year loan's market quotation rate (LPR) by 0. 15 percentage point, and a decrease of 0.35 percentage point for loans with five years or more. In the next step, we should further play the guiding role of the quoted interest rate in the loan market and the role of the market-oriented adjustment mechanism of deposit interest rate, guide financial institutions to transmit the effect of the decline in deposit interest rate to the loan side, and reduce the cost of corporate financing and personal credit.
The third is to highlight the support for key areas, weak links and industries affected by the epidemic. Make good use of small loans to support agriculture, and implement support tools such as clean and efficient use of coal, scientific and technological innovation, inclusive pension, special refinancing for transportation and logistics, inclusive microcredit support tools, and carbon emission reduction support tools. Continue to pay principal and interest to small and micro enterprises, individual industrial and commercial households, truck driver loans and personal housing and consumer loans affected by the epidemic. Guarantee the reasonable financing demand of real estate, and reasonably support the rigid and improved housing demand. Increase financial support for key areas of the platform economy according to laws and regulations, and promote the healthy and sustainable development of the platform economy.
"In the next stage, the People's Bank of China will implement a prudent monetary policy, intensify efforts to consolidate the foundation of economic recovery and development, and will not engage in flood irrigation or overdraw the future." Liu Guoqiang said.