In line with the fundamental principle of maintaining stability by reform and development, the PBC will closely collaborate with other departments to strengthen macro financial control, properly deal with historical burdens, mitigate financial risks, optimize financial structure, promote financial institution reform, improve financial markets, strengthen financial infrastructure, improve financial ecological environment, establish appropriate a long-term financial stability mechanism to maintain financial stability and promote financial development.
(1) Improve macro financial control system to provide favorable environment for financial stability. We will continue to adopt economic and legal instruments to strengthen and improve macro financial control system in order to promote steady and relatively fast economic development. The PBC will enhance the timeless, effectiveness and forward-looking aspects of monetary policy, smoothen monetary policy transmission and promote the market-oriented interest rates reform.