The meeting held that since the beginning of this year, China has promoted epidemic prevention and control and economic and social development as a whole, effectively implemented macroeconomic policies, and the overall economy has continued to pick up. A prudent monetary policy maintains continuity, stability and sustainability, scientifically manages market expectations, strives to serve the real economy, and effectively prevents and controls financial risks. The interest rate reform dividend in the loan market continued to be released, the transmission efficiency of monetary policy was enhanced, the loan interest rate was stable and decreased, the RMB exchange rate was expected to be stable, and the flexibility of two-way floating was enhanced, which played the role of macroeconomic stabilizer.
According to the viewpoint of new real estate media, the meeting pointed out that the current global epidemic situation is still evolving, the external environment is more severe and complicated, and the domestic economic recovery is still unstable and unbalanced. It is necessary to strengthen the analysis of marginal changes in the domestic and international economic situation, strengthen the coordination of international macroeconomic policies, guard against external shocks, concentrate on doing our own thing well, do a good job in cross-cycle policy design, make overall plans for the convergence of macroeconomic policies this year and next, and support high-quality economic development.
In terms of real estate, the meeting proposed to maintain the healthy development of the real estate market and safeguard the legitimate rights and interests of housing consumers. Promote high-level two-way financial opening, and improve the ability of economic and financial management and risk prevention and control under open conditions.
At the same time, in terms of monetary policy, the meeting also pointed out that a prudent monetary policy should be flexible, accurate, reasonable and moderate, maintain reasonable and abundant liquidity, enhance the stability of total credit growth, keep the growth rate of money supply and social financing scale basically match the nominal economic growth rate, and keep the macro leverage ratio basically stable. We will further give play to the leading role of measures such as refinancing, rediscounting and direct entry into the real economy's monetary policy tools, make good use of the newly added small-scale refinancing quota of 300 billion yuan, support the increase of loans for small and micro enterprises and individual industrial and commercial households, implement the policy of extending the principal and interest of loans for small and micro enterprises and extending the credit loan support plan, and fully support regional coordinated development.
In terms of market interest rates and exchange rates, the meeting proposed to improve the formation and transmission mechanism of market-oriented interest rates, improve the central bank's policy interest rate system, optimize the supervision of deposit interest rates, continue to release the reform potential of quoted interest rates in the loan market, and promote the further reduction of real loan interest rates. Deepen the reform of exchange rate marketization, enhance the flexibility of RMB exchange rate, guide enterprises and financial institutions to adhere to the concept of "risk neutrality", strengthen expected management, grasp the balance between internal equilibrium and external equilibrium, and maintain the basic stability of RMB exchange rate at a reasonable and balanced level.
In terms of financial innovation, it is necessary to build an effective financial support system for the real economy, improve the financial support innovation system, guide financial institutions to increase medium-and long-term loans to manufacturing industries, strive to adapt financial support for private enterprises to their contributions to economic and social development, promote the implementation of carbon emission reduction support tools in an orderly manner, and improve the green financial system with the goal of achieving peak carbon dioxide emissions and carbon neutrality.