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CN State Council Financial Work Report Calls for Stronger Counter-Cyclical Monetary Policy Adjustments
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The 12th meeting of the Standing Committee of the 14th National People's Congress held its second plenary session yesterday (5th) in Beijing. The meeting heard a report on financial work delivered by Pan Gongsheng, Governor of the People's Bank of China, as entrusted by the State Council. The report emphasized the need to maintain a supportive monetary policy stance, enhance counter-cyclical monetary policy adjustments, and create a favorable monetary and financial environment for stable economic growth and high-quality development. The report also called for comprehensive strengthening of financial regulation to effectively improve regulatory effectiveness, continuously lifting the quality and efficiency of financial services, increasing financial support for high-quality economic development, deepening financial reform and opening up, accelerating the construction of a modern financial system with Chinese characteristics, and actively and prudently preventing and resolving financial risks to fully protect the overall stability of the financial system. AAStocks Financial News |
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