Pan Gongsheng, President of the People's Bank of China, believes that the direction of the role of macroeconomic policies should be more biased from the past, to equal emphasis on consumption and investment, and pay more attention to consumption.
According to the official website of the People's Bank of China, Pan Gongsheng delivered a keynote speech entitled "High -quality Development and China's Economic Dynamic Balance" at the annual meeting of the 2024 Financial Street Forum on Friday (October 18).
Pan Gongsheng said that to achieve the dynamic balance of the economy, we need to grasp several key points.The first is that the direction of the role of macroeconomic policies should be more inclined from the past, to equal emphasis on consumption and investment, and pay more attention to consumption.
He continues to point out that the second is to better handle the relationship between the government and the market, scientifically grasp and balance the boundaries between the government and the market, and improve the intersection and targetedness of policies and market concerns.The third is to further deepen reform and opening up, create a good economic environment in rule of law, and create a more fair and dynamic market environment.
Pan Gongsheng said that the People's Bank of China is both a financial management department and a macroeconomic management department, and said that it will strengthen monetary policy and macro -prudential policies against cycle regulation, and improve the accuracy and effectiveness of financial support policies.Economic stable growth and structural adjustment create a good monetary financial environment, steadily expand the high level of financial opening, and promote economic dynamic balance.
He said, one is to further improve the framework of monetary policy.In terms of target system, the promotion of price recovery rationally as an important consideration, and pay more attention to the role of price -type regulatory tools such as interest rates.In terms of implementation mechanisms, the monetary policy tool box will continue to be enriched, the role of structural monetary policy tools will be used to gradually increase the sale of government bonds in the open market operation.
Pan Gongsheng continued, the second is to improve the adaptability and accuracy of financial services to economic structural adjustment and economic dynamic balance, and support the development of diversified financing channels; the third is to improve the macro -prudential policy framework and systematic financial financeRisk prevention and disposal mechanism; Fourth, build a new open financial system for open -level open -level, expand the interconnection of domestic and foreign financial markets, and promote the facilitation of trade and investment and financing.
