Financial News on October 26th, the central price of RMB against the US dollar today was 7.1638 yuan, up 30 basis points from 7.1668 yuan on the previous trading day (October 25).
People's Bank of China Party Committee and the Party Group of the State Administration of Foreign Exchange: Strengthen departmental cooperation and maintain the healthy development of the stock market, bond market and real estate market
People's Bank of China Party Committee and the Party Group of the State Administration of Foreign Exchange held an enlarged meeting to conscientiously convey and study the spirit of the 20th National Congress of the Party and the First Plenary Session of the 20th Central Committee of the Party, and study and deploy the implementation work. The meeting required that we should adhere to and improve the basic socialist economic system, unswervingly consolidate and develop the public economy of , and unswervingly encourage, support and guide the development of non-public economy. At present, the potential growth rate of my country's economy remains at a high level, the factors and conditions for building a new development pattern are relatively sufficient, the recovery momentum of effective demand is becoming increasingly obvious, the price level is basically stable, the trade surplus is expected to remain high, and there is a solid foundation for maintaining basic stability of RMB exchange rate . People's Bank of China and the State Administration of Foreign Exchange should continue to maintain a reasonable growth in the total amount of monetary and credit, increase support for key areas such as scientific and technological innovation, rural revitalization, regional coordinated development, and green development, and stabilize the macroeconomic market. Deepen exchange rate marketization reform, enhance RMB exchange rate flexibility, and maintain basic stability of RMB exchange rate at a reasonable equilibrium level. Implement a long-term mechanism for financial services to small and micro enterprises and private enterprises to dare to lend, be willing to lend, and be able to lend, and enhance the vitality of micro entities. Strengthen departmental cooperation and maintain the healthy development of the stock market, bond market and real estate market. Promote high-level two-way opening of the financial market and support the sustained prosperity and development of Hong Kong International Financial Center . Better meet the rigid and improved housing needs of residents and increase efforts to promote the work of "guaranteeing and stabilizing people's livelihood". Guide and promote financial innovation and strengthen financial services for new citizens. Establish and improve the financial risk prevention , early warning and handling mechanism, firmly maintain the bottom line of avoiding systemic risks, and safeguard the interests of the broad masses of people.
