In order to implement the decisions and arrangements of the Party Central Committee and the State Council, on May 23, 2023, the People's Bank of China and the China Banking Regulatory Commission held an analysis meeting on the currency and credit situation of major financial institutions to analyze and study the credit situation and deploy Promote the current and next stages of credit work. Yi Gang, Governor of the People's Bank of China and Director of the Office of the Financial Commission of the State Council, Pan, Deputy Governor of the People's Bank of China, and Deputy Director of the China Banking Regulatory Commission attended the meeting and delivered speeches. Liu Guoqiang, Vice Governor of the People's Bank of China, presided over the meeting. Leaders from 24 major financial institutions, the People's Bank of China, and relevant departments and branches of the China Banking Regulatory Commission attended the meeting. The China Development Bank, Agricultural Bank of China and China CITIC Bank exchanged views on key measures to maintain moderate credit growth.

The meeting believed that since the beginning of this year, the People's Bank of China and the China Banking Regulatory Commission have resolutely implemented the deployment of the Party Central Committee and the State Council, made precise and proactive efforts, timely launched and implemented a series of financial policies and measures in an orderly manner, and supported the epidemic response overall planning for prevention and control and economic and social development. Financial institutions took the initiative to maintain stable growth in money and credit in the first quarter, which strongly supported the smooth start of the economy and finance this year.

The meeting pointed out that due to the impact of unforeseen factors at home and abroad, the downward pressure on the economy has further increased in the near future. The financial system must further improve its political position, enhance its awareness of the overall situation and responsibility, work together to implement the decisions and arrangements of the Party Central Committee and the State Council, increase support for the real economy, and go all out to stabilize the basic economic situation. The China Development Bank and policy banks should give full play to their role of making up for shortcomings and adjusting across cycles; large state-owned commercial banks should take the initiative to make more contributions; joint-stock banks should fully tap their potential; large city commercial banks should give full play to their regional advantages,* **At the same time, we will increase credit support for key areas and weak links. All major financial institutions must effectively assume their main responsibilities, mobilize the strength of the entire industry, efficiently meet effective credit needs, and strengthen policy transmission.

The meeting emphasized that the financial system should make full use of various policy tools, focus on expansion and stabilization of stock, and support high-quality economic development with moderate credit growth. It is necessary to focus on key areas, fields and industries, and increase financial support around small and medium-sized enterprises, green development, technological innovation, energy supply, water conservancy infrastructure, etc. It is necessary to implement policy requirements, maintain stable growth of real estate credit, and support small and medium-sized enterprises, individual industrial and commercial households, truck driver loans, personal housing and consumer loans that have been severely affected by the epidemic. Implement deferred principal and interest payments. It is necessary to speed up the disbursement of loans that have been issued. Adhere to the principle of marketization, balance the relationship between moderate credit growth and the prevention of financial risks, and enhance the sustainability of financial support for the real economy.

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