Chen Yulu, deputy governor of the People's Bank of China, said that when China reviewed China's monetary policy in the past 10 years, in the 10 years, the central bank has implemented the steadily implementation of my monetary policy, comprehensively and judged the complex and changing domestic and foreign economic and financial situation.Give full play to the dual functions of the total amount of monetary policy regulation and structural regulation, strengthen the adjustment of cross -cyclical adjustment, effectively respond to the impact of the internal and external parts.Essence
Comprehensive surging news and Xinhua Finance reports, Chen Yulu said that in this process, it has strongly promoted steady growth, stability, stabilizing employment and balance of income and expenditure.Since 2012, the average annual growth rate of the general currency supply M2 has increased by 10.8%, which has basically matched the average annual growth rate of nominal GDP, which has effectively promoted the steady development of the national economy.
It is reported that in the past ten years, China's total financial volume has grown steadily, the liquidity is reasonable and abundant, and the support of financial support for the real economy has continued to strengthen.As of the end of 2021, the balance of currency supply (M2) for a broad sense of money (M2) was 23.829 trillion yuan (RMB, the same below, approximately $ 49.38 trillion), an average annual increase of 10.8%from 2012 to 2021;From year to 2021, the average increase of 13.3%; the balance of various loans of domestic and foreign currencies was 19.851 trillion yuan, an average annual increase of 13%from 2012 to 2021;%.Chen Yulu said that in the past 10 years, it has led finance with new development concepts, supports the real economy, achieves high -quality development, vigorously develops green finance, and promotes green low -carbon transformation.Green loan, the balance of green bonds is at the forefront of the world, and jointly leads the formulation of international rules and standards for green finance, leading the global green finance and healthy development.
In terms of prevention of financial risks, Chen Yulu said that coordinating financial development and security, holding the bottom line that does not occur without systemic financial risks, led the prevention and resolution of major financial risks, and achieved important stage results.The risks in key areas have been stable, financial risks are converged as a whole, and they are generally controllable.
In terms of financial opening up, Chen Yulu said that in the past 10 years, China has expanded its financial industry to the outside world, and basically establishes national treatment and negative list management systems before access.Overseas entities holding domestic RMB financial assets have increased by 2.4 times compared with 10 years ago. The RMB successfully joined the International Monetary Fund's special withdrawal right, becoming the third largest basket currency, and the weight will increase from 10.92%to 12.28%.
Digitalization, Chen Yulu said that in the past 10 years, Comprehensively upgrade the RMB cross -border payment system, build a credit reporting system covering the whole society, build and improve the world's largest financial credit information basic database, continuously build anti -money and anti -fraud financial security lines, and comprehensively strengthen the protection of financial consumers.
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