Original title: **Work Report丨A prudent monetary policy should be flexible, moderate, precise and effective.
The second session of the 14th National People's Congress opened in the Great Hall of the People on the morning of the 5th, and other party and state leaders attended the opening meeting.
*Work Report: A prudent monetary policy should be flexible, moderate, precise and effective. Maintain reasonable and abundant liquidity, and match the scale of social financing and the amount of money with the expected targets of economic growth and the highest level. Strengthen the dual adjustment of aggregate volume and structure, revitalize stocks, improve efficiency, and increase support for major strategies, key areas and weak links. Promote the steady and moderate decline of comprehensive social financing costs. Smooth the monetary policy transmission mechanism to avoid the idling of capital precipitation. Enhance the intrinsic stability of the capital market. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Vigorously develop science and technology finance, green finance, inclusive finance, pension finance, and digital finance. Optimize supporting measures such as financing credit enhancement, risk sharing, and information sharing, to better meet the financing needs of small, medium and micro enterprises.
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