The People’s Bank of China released the report on China’s monetary policy implementation for the fourth quarter of 2022. It mentions maintaining a reasonable growth of money and credit. The two RRR cuts throughout the year released more than 1 trillion yuan of long-term funds, and 1.13 trillion yuan of surplus profits were handed over to the central bank. Using multiple methods such as re-loaning and rediscounting, medium-term lending facilities, and open market operations, a combination of short-term, medium-term and long-term liquidity was reasonably invested ; Timely hold a symposium on the analysis of the monetary and credit situation to guide financial institutions to increase credit support to the real economy; increase the credit line of policy-oriented development banks by 800 billion yuan, and guide them to invest 739.9 billion yuan in policy-oriented development financial instruments, enhance the stability of total credit growth.
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