China's central bank to enhance implementation of monetary policies
Release time：2024-05-22 11:07:24 Source：Stellar Saga news portal
-
(Xinhua) 11:03, April 04, 2024
Photo taken on Oct. 19, 2020 shows an exterior view of the People's Bank of China in Beijing, capital of China. (Xinhua/Peng Ziyang)
BEIJING, April 3 (Xinhua) -- China's central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies -- in order to effectively stimulate the economy.
The bank will appropriately increase the relending and rediscount quota for small enterprises and the agriculture sector, make good use of carbon reduction support tools, and establish a relending facility for sci-tech innovation and technical transformation, the People's Bank of China (PBOC) said in a statement released after the latest quarterly meeting of its monetary policy committee.
The PBOC also vowed to strengthen financial support for large-scale equipment upgrades and trade-in of consumer goods.
Noting that China's macro policies since the beginning of this year have created a suitable monetary and financial environment for the economy to recover, the meeting urged more efforts to enhance the implementation of the existing policies and flesh out the policy toolbox.
Efforts should focus on the development of sci-tech finance, green finance, inclusive finance, pension finance and digital finance, and be directed in a way that will promote the growth of new quality productive forces, according to the meeting.
- Previous：Hundreds of hostages, mostly women and children, are rescued from Boko Haram extremists in Nigeria
- Next：Adela Cernousek of Texas A&M wins NCAA individual golf title for first collegiate win
Related articles
- New York's high court upholds requiring insurance to cover medically necessary abortions
- Tips for college students and parents ahead of tax deadline
- Astronomers spot previously unknown moons around Neptune, Uranus
- A Moroccan town protests water management plans
- Congo names third American in a foiled coup plot as mourners gather in Utah to remember plot leader
- Joel Embiid returns from injury scare, scores 32 as 76ers beat Magic 125
- Review: 'Ghostbusters: Frozen Empire' clears a low bar
- More than two million child sex abuse files found in man's possession
- Biden to release 1 million barrels of gasoline in bid to lower prices at pump
- April 8 solar eclipse: What you need to know before you watch
- Trump says he is open to restrictions on contraception before backing away from the statement
- Payton Pritchard scores a career
- Dead whale in New Jersey had a fractured skull among numerous injuries, experts find
- Blind people can hear and feel April's total solar eclipse with new technology
- Caitlin Clark returns for 2nd half against Sun after apparent left leg injury in 1st half
- 'Immaculate' review: Things get scary for Sydney Sweeney in a convent
- Closing prices for crude oil, gold and other commodities
- The O.J. Simpson case forced domestic violence into the spotlight, boosting a movement
- Germany far
- If you're retired or about to retire, think carefully about your tax strategy
Random recommendation
- Copyright © 2024 Powered by China's central bank to enhance implementation of monetary policies ,Stellar Saga news portal sitemap