Central Bank: Prudent Monetary Policy Needs To Be Maintained

Recently, when the Shanghai headquarters of the people's Bank of China held the second Shanghai financial situation analysis conference in 2011, it is clear that the overall level of price stability is still stable.

In the first half of this year, various financial institutions in Shanghai carried out prudent monetary policy, increased support for economic development and structural pformation in Shanghai, and achieved better results in macroeconomic regulation and control.

The growth of all deposit and loan growth has returned to normal, and the market interest rate has increased.

The credit structure is obviously optimized, and the credit support for key and weak links such as small and medium-sized enterprises, affordable housing and manufacturing industries has continued to increase.

Data show that at the end of 6 2011, the balance of deposits and loans of foreign currencies in Shanghai financial institutions was 55308 billion yuan and 35967 billion yuan, up 14.5% and 11.3%, respectively, representing an increase of 2.5 percentage points and 3.7 percentage points lower than the end of last year.

Ma Delun, vice governor of the people's Bank of China, said at the meeting that at present, China's economic growth is changing from policy stimulus to independent growth. Monetary conditions are returning to normal. However, the international situation is still uncertain, and the pressure of rising prices is still large. We need to continue to take the overall level of stabilizing prices as the primary task of macroeconomic regulation and control, and continue to implement a sound monetary policy.

The meeting stressed that all financial institutions should first self control in accordance with the requirements of macroeconomic regulation and control, and reasonably grasp the intensity and rhythm of loan delivery. Two, we must combine Shanghai's "

It is reported that in the second half of this year, Shanghai headquarters and its jurisdictions will closely monitor the changes in the domestic and foreign economic and financial situation, and timely detect and assess the tendency and signs of economic and financial operation in the area, so as to maintain regional financial stability.

In addition, we will vigorously promote financial products innovation in accordance with the principle of marketization, deepen the reform of foreign exchange management, and do well in cross-border trade.