The central bank: focus on seven tasks in 2025

On January 4th, the 2025 People's Bank of China Work Conference was held from January 3rd to 4th. The meeting stressed that the People's Bank of China system should realistically integrate ideological understanding and action into the analysis, judgment and decision-making deployment of the Party Central Committee, adhere to the general tone of seeking progress while maintaining stability, fully and accurately implement the new development concept, implement a moderately loose monetary policy, prevent and resolve financial risks in key areas, further deepen financial reform and high-level opening up, and strive to expand domestic demand, stabilize expectations, and stimulate vitality, so as to create a good monetary and financial environment for promoting the sustained recovery of the economy. In 2025, we will focus on the following tasks: First, we will unswervingly deepen the comprehensive and strict governance of the party. Second, we will implement a moderately loose monetary policy to create a suitable monetary and financial environment for stable economic growth. The third is to coordinate and do a good job in the financial "five major articles" to better serve the high-quality development of the economy. The fourth is to give full play to the macro-prudential and financial stability functions of the central bank and keep the bottom line of no systemic financial risks. The fifth is to steadily promote financial reform and opening up and enhance the level of RMB internationalization. The sixth is to deeply participate in global financial governance and cooperation. The seventh is to further optimize the financial management and services of the central bank.