The Beijing Branch of the People's Bank of China jointly held a special work meeting with multiple departments to promote the accelerated implementation of comprehensive financial policies in Beijing.

According to the Beijing Branch of the People's Bank of China, on the afternoon of May 20th, the Beijing Branch of the People's Bank of China, together with the Beijing Financial Supervision Bureau, Beijing Securities Regulatory Bureau and other departments, held a special work meeting to study and convey the spirit of a series of recent important meetings, and fully promote the accelerated implementation of a package of financial policies in Beijing to support the high-quality development of the capital's economy. Yuan Xinfeng, a member of the Party Committee and Deputy Governor of the Beijing Branch of the People's Bank of China, deployed the implementation of measures for the package of financial policies throughout the area; leaders of the Beijing Financial Supervision Bureau, Beijing Securities Regulatory Bureau, the Monetary Policy Department, Credit Policy Management Department, and Financial Market Management Department of the Beijing Branch of the People's Bank of China attended the meeting and put forward specific opinions on the implementation work. The meeting pointed out that the current external impact has brought significant uncertainty to economic development, and the foundation for sustained economic recovery still needs to be further consolidated. Faced with multiple challenges, efforts should be made to stabilize employment, enterprises, markets, and expectations, in order to respond to the uncertainty of rapid changes in the external environment with the certainty of high-quality development. The package of financial policy measures introduced this time is closely aligned with the key development areas in Beijing, and it is necessary to fully grasp the policy opportunities, make good use of various incremental tools, and inject strong momentum into the high-quality development of the capital's economy. The meeting emphasized that financial institutions in Beijing should improve their position, take swift action, and exert greater efforts to promote the effectiveness of incremental policies. In terms of overall quantity, it is necessary to make good use of the medium and long-term liquidity released by the reserve requirement ratio cut, increase credit support for the real economy, and maintain reasonable and stable credit growth. In terms of pricing, it is necessary to strengthen the implementation of interest rate policies and interest rate self-discipline initiatives, and further enhance the ability of independent and rational pricing. In terms of structure, it is necessary to make good use of structural monetary policy tools and focus on optimizing credit structure in key areas. In terms of mechanism, seize the opportunity of the bond "Science and Technology Innovation Board," guide more financial resources to gather in the field of technological innovation, and stimulate the motivation and market vitality of technological innovation.