The People's Bank of China: Continue to increase support for major strategies, key areas, and weak links

On April 3rd, the Monetary Policy Committee of the People's Bank of China held a regular meeting for the first quarter of 2024. The meeting pointed out the need to deepen the structural reform of the financial supply side and build a system and mechanism for effective financial support for the real economy. Guide large banks to play a leading role in providing financial services to the real economy, promote small and medium-sized banks to focus on their main responsibilities and businesses, support banks in supplementing capital, and jointly maintain the stable development of the financial market. We will focus on five major areas: technology finance, green finance, inclusive finance, pension finance, and digital finance. We will continue to increase support for major strategies, key areas, and weak links, and promote the accelerated development of new quality productive forces.