Central bank: promoting the virtuous circle and healthy development of real estate industry

On March 1, the people's Bank of China held a video conference on financial market work in 2022. The meeting deeply studied the spirit of the 19th CPC National Congress, all plenary sessions of the 19th CPC National Congress and the central economic work conference, implemented the requirements of the working conference of the people's Bank of China in 2022, summarized the work of the people's Bank of China's financial market and credit policies in 2021, and deployed the key work in 2022. Pan Gongsheng, member of the Party committee and vice president of the people's Bank of China, attended the meeting and delivered a speech. Liu Guiping, member of the Party committee and vice president of the people's Bank of China, presided over the meeting.

The meeting held that in 2021, the financial market line of the people's Bank of China will resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, have the courage to take responsibility, pay close attention to the implementation, and constantly improve the quality and efficiency of financial services to the real economy. The two direct tools continued to be implemented smoothly, financial targeted poverty alleviation and Rural Revitalization financial services were effectively connected, financial support for small and micro enterprises, manufacturing, scientific and technological innovation, energy supply protection, green development and other key areas and weak links were more powerful, financial market reform and opening-up development and risk prevention and resolution went hand in hand, and all work achieved positive results. In 2022, the cadres and employees of the financial market line of the people's Bank of China should take the thought of socialism with Chinese characteristics in the Xi Jinping new era as the guidance, adhere to the principle of stability and seek progress while maintaining stability, constantly improve the working methods, and go all out to do a good job in financial services to the real economy.

The meeting stressed the need to accelerate the construction of financial institutions to effectively support the real economy, guide financial institutions to optimize the financing structure, and better support key areas and weak links of the national economy. We should do a good job in financial support for small, medium-sized and micro enterprises and market entities, do a good job in the connection after the conversion of two direct tools, refine and implement the project to improve the financial service capacity of small, medium-sized and micro enterprises, and increase financial support for service industries greatly affected by the epidemic. We should continue to consolidate and expand the achievements in poverty alleviation and increase financing support in key areas of Rural Revitalization. We should adhere to the positioning that houses are used for living rather than speculation, steadily implement the prudent management system of real estate finance, increase financial support for Housing leasing, and implement policies to promote the virtuous cycle and healthy development of the real estate industry. We should continue to promote and improve the system of financial support for scientific and technological innovation and improve the ability of financial institutions to serve the manufacturing industry. We should correctly understand and grasp the carbon peak and carbon neutralization, promote carbon emission reduction support tools and special refinancing for clean and efficient utilization of coal, and achieve tangible results.

The meeting required that we should adhere to the principles of marketization, legalization and internationalization, and continue to promote the reform and opening-up of the financial market. We will accelerate the improvement of the legal system of the bond market, continue to optimize the institutional environment of the bond market, do a solid job in preventing and resolving the risk of default in the bond market, and strengthen the overall supervision and construction planning of financial infrastructure. Promote the steady and healthy development of money market, bill market, gold market, inter-bank derivatives market and asset-backed securities business. Cooperate with relevant departments to continue to promote the self inspection and rectification of enterprise financial business on the Internet platform, and continue to maintain the high-pressure crackdown on the speculation of virtual currency transactions.

The meeting pointed out that the cadres and employees of the financial market line of the people's Bank of China should play a steady and steady role and implement all work related to steady growth and risk prevention. We should focus on small and micro enterprises, rural revitalization, green and low-carbon, transitional finance, scientific and technological innovation, financial risk prevention and other key areas, do a solid job in investigation and research, and consolidate the work foundation. We should make good use of the achievements in the study and education of party history, adhere to the concept of Finance for the people, do solid work, work hard, promote the higher quality development of financial markets and credit policies, support and maintain the stable operation of macro-economy, and meet the victory of the 20th CPC National Congress with outstanding achievements.

The Shanghai headquarters of the people's Bank of China, all branches, business management departments, central sub branches in provincial capitals, central sub branches in sub provincial cities, relevant departments and bureaus of the head office, credit investigation center, foreign exchange trading center, Central Clearing Company, Shanghai gold exchange, dealers association, Shanghai clearing house, Internet Finance Association The responsible comrades of Shanghai Stock Exchange attended the meeting at the main venue and local branch venues respectively.

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