People’s financial evaluation： strive to create a good monetary and financial environment

　　Finance is the blood of the national economy and an important part of the country’s core competitiveness. The central financial work conference held recently pointed out that high-quality development is the primary task of building a socialist modern country in an all-round way, and finance should provide high-quality services for economic and social development. Efforts should be made to create a good monetary and financial environment and effectively strengthen quality financial services for major strategies, key areas and weak links.

　　Since the beginning of this year, China’s monetary policy has always remained stable, continued to stabilize its monetary and credit support for the real economy, made forward-looking overall consideration of cross-cyclical policy objectives, given consideration to short-term and long-term, economic growth and price stability, internal equilibrium and external equilibrium, strengthened countercyclical adjustment, actively responded to the disturbance of unexpected factors, effectively supported and stabilized the macro-economic market, and created a good monetary and financial environment for economic recovery.

　　However, it must also be noted that the current international political and economic situation is complex and severe, the cumulative effect of rapid interest rate hikes in developed economies continues to appear, the momentum of global economic recovery is weakened, and domestic economic operation is facing challenges such as insufficient demand, difficulties in some enterprises, and many hidden risks in key areas. At the same time, we should be soberly aware that various contradictions and problems in the financial field are intertwined and affect each other, there are still many hidden dangers in economic and financial risks, and the quality and efficiency of financial services to the real economy are not high. The central financial work conference has pointed out the direction and path for finance to continuously promote the continuous improvement of economic operation and better serve high-quality development.

　　To faithfully implement the deployment requirements of the Central Financial Work Conference, we must profoundly grasp the political and people-oriented nature of financial work, accelerate the construction of a financial power, promote high-quality financial development, continue to implement a sound monetary policy, strive to create a good monetary and financial environment, and continuously improve the quality and efficiency of financial services to the real economy.

　　Efforts should be made to create a good monetary and financial environment, and the general gate should be well controlled. This year, the People’s Bank of China lowered the RRR twice at key points, facilitated the medium-term lending to be over-extended every month, put in liquidity in time to support the smooth issuance of government bonds, promoted the smooth operation of market interest rates around the operating interest rate in the open market, maintained the double-digit growth rate of loans from last year’s high base, effectively realized the steady growth of money and credit and the gradual positive feedback of the demand of the real economy, helped to achieve a good economic start in the first quarter, stabilized the recovery momentum in the second quarter, and significantly exceeded market expectations in the third quarter. In the next step, we should keep the growth of the total amount of money, credit and financing reasonable and steady, and keep the liquidity reasonable and abundant. We should consider "keeping the growth rate of money supply and social financing basically match the nominal economic growth rate" for a longer period of time across cycles, and further make cross-cycle and counter-cycle adjustments.

　　Efforts should be made to create a good monetary and financial environment and strengthen structural adjustment. The Central Financial Work Conference emphasized the optimization of the capital supply structure. Since the beginning of this year, six maturity instruments have been implemented continuously. At present, there are more than ten structural instruments with a balance of 7 trillion yuan. In view of the more prominent structural contradictions in economic operation, structural monetary policy tools have been effective continuously, further promoting the willingness and ability of financial institutions to provide financial services in specific fields, effectively stimulating the economic vitality of inclusive finance and manufacturing enterprises, and accelerating the development of new kinetic energy such as green, low carbon and technological innovation. Next, structural monetary policy tools should focus on key points, be reasonable and appropriate, make progress and retreat, guide more financial resources for scientific and technological innovation, advanced manufacturing, green development, small and medium-sized enterprises and major national strategies, and accelerate the cultivation of new kinetic energy and new advantages.

　　着力营造良好的货币金融环境，要注重提效率。中央金融工作会议提出，盘活被低效占用的金融资源，提高资金使用效率。今年以来，房地产金融政策的及时优化，支持房地产行业合理融资需求，配合地方政府债务重组，盘活存量贷款支持高质量发展。今后，一方面要继续坚持按照市场化法治化原则引导金融机构信贷投放，充分满足实体经济有效融资需求；另一方面还要坚持系统思维，协同发挥政策合力疏通货币政策传导效率。要加强货币与财政、产业、监管等政策协调配合，强化沟通联动，引导和稳定市场预期，共同维护经济金融大局稳定。

　　金融发展关系中国式现代化建设全局，金融强国的宏伟目标催人奋进。新征程上，深入学习贯彻习近平总书记在中央金融工作会议上的重要讲话精神和党中央决策部署，着力做好当前金融领域重点工作，加大政策实施和工作推进力度，就一定能以新气象新作为推进金融高质量发展取得新成效，为强国建设、民族复兴伟业作出新的更大贡献。