The President of the People's Bank of China Yi Gang said at the Hong Kong International Financial Summit that the potential growth rate of China's economy will remain in a reasonable range, and it has revealed that China's downturn real estate sales and loans have recently improved marginal improvements.
According to the records released by the official website of the Central Bank of China, Yi Gang said on Wednesday (November 2) at the Hong Kong International Financial Leadership Investment Summit.The economy is facing some challenges and downward pressure, but the overall continues to resume the development trend.
Yi Gang pointed out that China's GDP in the third quarter of China (GDP) increased by 3.9%year -on -year, and the growth rate increased by 3.5 percentage points from the second quarter.toughness.
He emphasized that the potential growth rate of China's economy will remain in a reasonable range, and pointed out that China has a large large -scale market, the urbanization rate still has a large room for improvement, and the consumer demand for middle -income class has steadily increased.He pointed out that China has a strong team of Chengshi and technicians, and has built a complete modern industrial system and high -quality infrastructure network. At the same time, technological innovation is booming, supply -side structural reforms are continuously deepened, and it will continue to enhance economic growth momentum.
In response to the cold winter of the real estate industry, Yi Gang pointed out that the characteristics of the real estate market are obvious and different, and the cities' governments have played an important role in stabilizing the local real estate market.He said that the People's Bank of China actively supports the healthy development of the real estate industry, including reducing personal housing loan interest rates and down payment ratios, encouraging banks to support the sale of housing construction and delivery through the special borrowing of the "insurance delivery", support rigid and improved housing demand.
He also said that recently has improved marginal improvement in real estate sales and loans. As the urbanization process of China has continued to advance, I believe that the real estate market can maintain stable and healthy development.
In response to China's monetary policy, Yi Gang emphasized that China will adhere to the implementation of a stable monetary policy and increase support for the real economy.He pointed out that the current interest rate in China has decreased steadily, and the financial market resource allocation efficiency is high.At the same time, the central bank has also increased support for key areas and weak links in key areas and weak links in key areas and weak links through structural monetary policy tools.
He also said that the central bank of China implements a floating exchange rate system based on market supply and demand, reference to a basket of currencies, and management.Other major currencies have appreciated.He pointed out that in the future, it will also adhere to the decisive role of the market in the formation of exchange rate formation, so that the RMB exchange rate will continue to maintain basic stability at a reasonable and balanced level, and the RMB value and purchasing power will remain stable.
Yi Gang also mentioned that the financial industry will continue to promote reform and opening up, and steadily expand the openness of the rules, regulations, management, and standards of the financial sector.The "institutional openness" proposed in the large report.
