Photo taken on Oct. 19, 2020 shows an exterior view of the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)
BEIJING, April 3 (Xinhua) -- China's central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies -- in order to effectively stimulate the economy.
The bank will appropriately increase the relending and rediscount quota for small enterprises and the agriculture sector, make good use of carbon reduction support tools, and establish a relending facility for sci-tech innovation and technical transformation, the People's Bank of China (PBOC) said in a statement released after the latest quarterly meeting of its monetary policy committee.
The PBOC also vowed to strengthen financial support for large-scale equipment upgrades and trade-in of consumer goods.
Noting that China's macro policies since the beginning of this year have created a suitable monetary and financial environment for the economy to recover, the meeting urged more efforts to enhance the implementation of the existing policies and flesh out the policy toolbox.
Efforts should focus on the development of sci-tech finance, green finance, inclusive finance, pension finance and digital finance, and be directed in a way that will promote the growth of new quality productive forces, according to the meeting.
Related articles:
Related suggestion:
Xi calls for building broad consensusMore outbound flights expected for Spring FestivalSenior adviser upbeat about HK's futureChinese wholeXi's theory offers path to innovationTop court: Trump will stay on ballot in ColoradoCPC leadership discusses draft government work reportMainland, KMT seek common ground: Promoting exchange, opposing external interferenceAcademicians vow greater contributionsChina's first domestic large cruise ship embarked on its maiden commercial voyage
2.4363s , 6500.9140625 kb
Copyright © 2024 Powered by China's central bank to enhance implementation of monetary policies ,International Impression news portal