The Ministry of Finance and the People's Bank of China held the second team leader meeting.

In order to promote the implementation of more proactive macroeconomic policies, strengthen coordination between fiscal policy and monetary policy, recently, the Ministry of Finance and the People's Bank of China held the second team leader meeting of the joint working group. Liao Min, member of the Party Group of the Ministry of Finance and Vice Minister, and Zou Lan, member of the Party Committee of the People's Bank of China and Vice President, attended the meeting and delivered speeches. The meeting fully affirmed the achievements of the coordinated cooperation between the Ministry and the Bank since the establishment of the joint working group last year, and conducted in-depth discussions on topics such as the operation of the financial market, the management of government bond issuance, the central bank's buying and selling of government bonds, and the improvement of the offshore RMB sovereign bond issuance mechanism. Both sides unanimously believed that the concerted efforts of fiscal policy and monetary policy provide a strong guarantee for addressing the current complex and ever-changing market environment and promoting the sustained and positive recovery of the economy. Next, we must continue to actively play the role of the joint working group mechanism between the Ministry and the Bank, deepen cooperation, strengthen coordination, and continue to promote the stable and healthy development of the bond market in China, jointly ensuring that fiscal policy and monetary policy are better implemented and effective. Officials from relevant departments and bureaus of the Ministry of Finance and the People's Bank of China attended the meeting. This article is selected from the WeChat public account of the People's Bank of China. Editor: Liu Jiayin.