China news agency, Beijing, August 3-Bank of China held a video conference on work in the second half of 2020 on August 3. The meeting demanded that in the second half of the year, we should adhere to a moderate and reasonable increase in the total volume, focus on stabilizing enterprise employment, prevent and resolve major financial risks, accelerate the deepening of financial reform and opening up, and promote healthy economic and financial development.

First, the monetary policy should be more flexible, moderate and accurate, and the policies that have been introduced to stabilize enterprises and ensure employment should be effectively implemented. The comprehensive use of a variety of monetary policy tools to guide the broad money supply and social financing scale growth rate is significantly higher than last year. At the same time, we should pay attention to grasp the rhythm, optimize the structure, and promote the substantial growth of inclusive loans for small and micro enterprises and medium and long-term loans for manufacturing. Focus on the implementation of rediscount policy and two direct refinancing tools 1 trillion yuan, delay as much as possible, and include small and micro enterprises affected by the epidemic as much as possible.

The second is to keep the bottom line and continue to fight a three-year battle to prevent and resolve major financial risks. Among them, it is proposed to speed up the shortcomings of the financial risk disposal system and improve the emergency mechanism for major financial risks.

Third, unswervingly promote the steady and orderly opening of the financial industry. Continue to implement the announced financial opening measures. Promote the full implementation of the pre-entry national treatment plus negative list system. Actively and steadily promote RMB internationalization and capital account convertibility, and unify the foreign exchange management policy of opening the bond market.

The fourth is to continuously deepen the reform of institutional mechanisms in the financial sector. Among them, it emphasizes supporting local governments to resolve regional financial risks and deepening the market-oriented reform of rural financial institutions according to their capabilities.

The fifth is to coordinate the financial poverty alleviation work in the final stage. Seriously organize the drafting of the financial reform and development plan in the 14 th Five-Year Plan. Actively and steadily promote research and development of statutory digital currency. (End)