Datasets:
gtfintechlab
/
peoples_bank_of_china

Dataset card Data Studio Files
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it will deepen the supply-side structural reform of the financial sector by guiding large-sized banks to shift the focus of their services to communities, encouraging small and medium-sized banks to focus on their main duties and major businesses, and giving more support to banks in capital replenishment.
dovish
forward looking
certain
2,022
157
the participants analyzed current economic and financial situations at home and abroad.
irrelevant
not forward looking
certain
2,012
269
it will increase support for micro and small businesses (msbs) through inclusive msb loans and help stabilize employment in micro, small and medium enterprises (msmes).
dovish
forward looking
certain
2,022
336
the pbc will render more financial support for helping enterprises stabilize jobs and expand recruitment, as well as for the entrepreneurship and employment of targeted groups.
dovish
forward looking
certain
2,022
586
measures should be applied to strengthen policy coordination (such asinterest rate and exchange rate policies) between the local and foreigncurrencies, enhance liquidity management of the banking system, improve policyinstrument innovation and appropriately strengthen policy adjustment to keepmoney and credit grow at reasonable speed.
dovish
forward looking
certain
2,007
908
remaining generally stable, the rmb exchange rate has moved in both directions with greater flexibility and played a role as stabilizer for the macroeconomy.
neutral
not forward looking
certain
2,020
14
following the guidance of the communistparty of china’s central committee and the state council, the pbc closelymonitored economic and financial developments while at the same time strengtheningthe preemptiveness of monetary policy by applying a mix of policy measures toimprove financial macro control and preserve balances at the aggregate level.despite the fact that volatilities in the ussubprime mortgages market have caused turbulences in the internationalfinancial market recently, the impact was so far quite limited on china.
hawkish
not forward looking
certain
2,007
582
effective measures will be taken to prevent and defuse financial risks, strike a balance between stabilizing growth and preventing risks, resolve risks in the course of reform and development, and hold the bottom line that no systemic financial risks should occur.
hawkish
forward looking
certain
2,020
293
in addition, it will focus on expanding domestic demand and boosting confidence so as to promote the virtuous circle of the economy.
dovish
forward looking
certain
2,024
34
it was noted thatat present china’s economy maintained a steady and rapiddevelopment momentum, but problems such as a potential rebound of fixed assetinvestment, excess money and credit supply and excessive liquidity were notadequately addressed, accompanied by a palpable pressure of price hike.
hawkish
not forward looking
certain
2,008
706
the overall performance offinancial sector remained sound, the new exchange rate regime has been running smoothly, and the flexibility of rmb exchange rate has gradually improved.
dovish
not forward looking
certain
2,005
326
in their view, both the real economy and the financial sector in china was moving in the direction intended by the macro-economic management policy, though the external environment remained complex with the world economy slowly recovering amongst a multiple of risk factors; the chinese economy had continued its stable and fairly rapid growth with inflation pressure moderated but remaining high.
neutral
not forward looking
certain
2,011
886
efforts will be made to improve the rmb exchange rate mechanism and keep the rmb rate basically stable at an equilibrium and adaptive level.
dovish
forward looking
certain
2,010
682
domestically, the covid-19 is recurring more frequently, and the economic development faces triple pressures, namely shrinking demand, supply shocks, and waning expectations.
dovish
not forward looking
certain
2,022
931
it will keep the liquidity adequate at a reasonable level and better stabilize the aggregate credit growth, so as to ensure that the growth of money supply and the aggregate financing to the real economy (afre) are generally in line with nominal gdp growth and the macro leverage ratio remain basically stable.
dovish
forward looking
certain
2,021
181
the rmb exchange rate has remained stable and become more resilient against external shocks.
neutral
not forward looking
certain
2,019
80
the participants emphasized the need to implement the decisions adopted at the 18th national congress of the cpc and the central economic work conference, closely follow the latest developments in the real economy and financial markets at home and beyond as well as changes in international capital flow, continue the sound monetary policy to maintain policy continuity and stability, make policy measures more forward-looking, better-targeted and more flexible, properly handle the relationship among stable growth, structural adjustment, inflation control and risk prevention, and maintain a stable monetary environment.
neutral
forward looking
certain
2,013
497
it will implement a prudent monetary policy in a precise and effective manner, strengthen counter-cyclical adjustments, and give full play to the role of monetary policy instruments in adjusting both the aggregate and the structure.
hawkish
forward looking
certain
2,024
63
the committee conducted an in-depth analysis of current economic and financial situation both at home and abroad.
irrelevant
not forward looking
certain
2,006
79
the overall financing costs for businesses and the costs for individual consumption loans are expected to drop, with the lpr reform continuing to unleash its potential and playing a guiding role.
dovish
forward looking
certain
2,022
406
it was noted at the meeting that since the beginning of 2023, the pboc has sought progress while giving top priority to the stability of macro policies, implemented a sound monetary policy in a targeted and effective manner, strengthened the counter-cyclical and inter-temporal adjustments, and used a mix of policy tools, such as interest rates, the required reserve ratio (rrr) and central bank lending, thereby providing effective support for the real economy, effectively forestalling financial risks, and creating a sound monetary and financial environment for economic recovery.
dovish
not forward looking
certain
2,023
786
it was pointed out at the meeting that a sound monetary policy should be implemented in a flexible, appropriate, targeted and effective way.
neutral
forward looking
certain
2,023
311
moreover, based on the requirements of deepening the financial supply-side structural reform, efforts will be made to optimize financing and credit structures, to provide stronger support for high-quality development, and to boost the compatibility between the financial system and the supply and demand systems.
dovish
forward looking
certain
2,019
986
global economy still showed a sign of weakness.
dovish
not forward looking
certain
2,012
821
global inflationarypressure continued to mount, the world economy slowed down, and more uncertainand disabling factors emerged.
hawkish
not forward looking
certain
2,008
33
the overall price level was basically stable.
neutral
not forward looking
certain
2,012
296
in addition, it will advance the high-level two-way opening-up of the financial sector, and improve economic and financial oversight and risk management capability in an open economy.
dovish
forward looking
certain
2,021
62
the pboc will appropriately increase the quota for central bank lending to support rural development and micro and small businesses (msbs) as well as central bank discounts, make good use of the carbon emission reduction facility (cerf), and launch central bank lending for sci-tech innovation and technological upgrading.
dovish
forward looking
certain
2,024
211
we will adhere to the principle of “being focused, reasonable, moderate, and flexible” in implementing structural monetary policy tools, and the three monetary policy tools, including the carbon emission reduction facility (cerf), will continue to be implemented to increase support for key areas and weak links of the national economy, such as inclusive finance, green development, technological innovation, and infrastructure construction.
dovish
forward looking
certain
2,023
339
the pbc will closely monitor the latest developments in the real economy and financial sector at home and the world and changes in global capital flow, follow the overall requirements of making progress while maintaining stability, reform and innovation, continue to implement the sound monetary policy, use a multiple of monetary policy tools flexibly, keep liquidity at appropriate levels, and bring about reasonable growth of money, credit and all-system financing aggregates.
neutral
forward looking
certain
2,014
542
it was agreed in the meeting that, thanks to strongleadership of the state council, the chinese economy had maintained favorablegrowth momentum as great efforts were made both to control the sars epidemicand promote economic development.
dovish
not forward looking
certain
2,003
56
the allocation of financial resources will be optimized to effectively alleviate the structural imbalances in the supply and demand of credit, prevent financial risks, and improve the financial service to the real economy, and the role of direct financing will be further tapped to meet the diversified demand of investment and financing in a better way, and promote the sound development of financial markets.
dovish
forward looking
certain
2,013
396
it was pointed out at the meeting that the external environment is becoming increasingly complex and severe amid the worldwide sluggish economic growth, trade and investment, elevated inflation, and persistently tightened central bank policies in developed countries, and increased volatility in global financial markets.
dovish
not forward looking
uncertain
2,023
768
it was noted that supported by steady expansion of public demands, the chinese economy had maintained its rapid growth momentum during the first three quarters of this year.
dovish
not forward looking
certain
2,002
628
coordinated efforts have been made to help turn around overall economic performance, enhance the endogenous growth dynamics of the economy, improve social expectations, and defuse potential risks in a sustained way, thereby setting the stage for building a modern socialist country in all respects.
dovish
not forward looking
certain
2,023
764
atthe same time, the pace, priorities and intensity of financial macro controlshould be brought in alignment with changes in the economic and financialsituations at home and abroad.
neutral
forward looking
certain
2,008
545
the pboc will make significant efforts in the areas of technology finance, green finance, inclusive finance, pension finance, and digital finance, and continue to intensify support for major national strategies, key fields, and weak links, so as to speed up the development of new quality productive forces.
dovish
forward looking
certain
2,024
340
it was pointed out at the meeting that the spread of covid-19 outside china and the world’s economic landscape are still complicated and challenging for the time being.
neutral
not forward looking
certain
2,020
742
the supply-side structural reform of the financial sector will be deepened to guide large-sized banks to increase the availability of financial services at the community level and encourage small and medium-sized banks to focus on their primary responsibilities and businesses, so as to enhance the vitality and resilience of the financial market and foster a modern financial market that features great adaptability, competitiveness and inclusiveness.
dovish
forward looking
certain
2,020
30
vigorous actions should be taken to push aheadfinancial reform and innovations to improve the competitiveness of financialinstitutions and efficiency of financial market in resources allocation.
dovish
forward looking
certain
2,008
657
it was concurred that efforts should be made to coordinatemacroeconomic policies, boost consumption demand, speed up economic andinternational trade restructuring, improve economic growth efficiency, promotetransformation of the economic growth pattern, and realize sustained growth aswell as price stability.
dovish
forward looking
certain
2,005
241
various monetary policy instruments should beflexibly used to strengthen open market operations and ensure steady growth ofmoney supply so as to maintain the good momentum of economic and financialdevelopment.
dovish
forward looking
certain
2,003
324
the meeting stressed that under the guidance of xi jinping thought on socialism with chinese characteristics for a new era, the pbc will fully implement the requirements of the 19th national congress of the communist party of china (cpc), the plenary sessions of the 19th the cpc central committee, the central economic work conference and the report on the work of the government, as well as the decisions and arrangements of the cpc central committee and the state council.
irrelevant
not forward looking
certain
2,022
725
in this way, it is expected to enhance the vitality and resilience of the financial market and foster a modern financial system that features strong adaptability, competitiveness and inclusiveness.
dovish
forward looking
certain
2,021
449
it will resolutely enhance economic vitality, forestall and defuse risks, and improve social expectations, thus reinforcing the momentum of economic recovery and effectively upgrading and appropriately expanding the economic output.
dovish
not forward looking
certain
2,024
407
the sound monetary policy will be flexible, targeted, reasonable and appropriate to keep liquidity adequate at a reasonable level, better stabilize the aggregate credit growth, keep the growth of money supply (m2) and aggregate financing to the real economy (afre) generally in line with nominal gdp growth, and maintain a basically stable macro leverage ratio.
dovish
forward looking
certain
2,021
53
while the loan prime rate (lpr) reform continued to unleash its benefits, the monetary policy transmission has become more efficient, and the lending rates have remained stable with a slight decline.
dovish
not forward looking
certain
2,022
200
the pbc, in line with the overall arrangement of the state council, implemented a relatively loose monetary policy and strengthened financial support for economic growth.
dovish
forward looking
certain
2,009
97
the pboc will guide large-sized banks to play their leading role in providing financial services for the real economy, encourage small and medium-sized banks to focus on their main duties and major businesses, and support banks in capital replenishment.
dovish
forward looking
certain
2,024
150
it will also support the coordinated regional development, and promote the green finance system for the goals of achieving peak carbon emissions and carbon neutrality.
dovish
forward looking
certain
2,021
194
it will work on developing tools to support carbon emissions reduction, and improve the green finance system for the goals of achieving peak carbon emissions and carbon neutrality.
dovish
forward looking
certain
2,021
747
weighing monetarypolicy stance and measures for the coming periods, the committee holds the viewthat the sound monetary policy featuring a steady and moderate tighteningshould be continued while efforts need to be made to improve theforward-looking, scientific and effective approach in the making of monetarypolicy.
hawkish
forward looking
certain
2,007
310
at end-may, balance of broad money (m2)reached rmb23.5 trillion yuan, a year-on-year increase of 17.5 percent, and newloans of all financial institutions registered rmb1258 billion yuan, adeceleration of rmb92.8 billion yuan on year-on-year basis.
neutral
not forward looking
certain
2,004
7
to protect the legitimate rights and interests of home buyers and boost the sound development of the real estate market, the pbc will guide commercial banks to provide supplementary financial support.
dovish
forward looking
certain
2,022
805
the committee stressed the necessity of designing anoptimum pre-emptive and fine-tuning strategy featuring a combination of monetarypolicy instruments to further improve the scientific, forward-looking and effectiveapproach to macro-economic management.
dovish
forward looking
certain
2,004
390
rmb exchangerate regime should be further improved and the foreign exchange market shouldbe expanded to increase the floating flexibility of the rmb exchange rate, witha view to keeping the rmb exchange rate basically stable at an adaptive andequilibrium level.
dovish
forward looking
certain
2,006
245
generally speaking, the financial industry was in stable operation during the first half of this year, and the growth of money and credit was basically kept commensurate with the speed of economic development.
neutral
forward looking
certain
2,002
18
the overall performance of the financial sector has remained sound.
neutral
forward looking
certain
2,006
341
presidents from the guangzhou branch, wuhan branch and chengdu branch of the pbc were also present at the meeting.
irrelevant
not forward looking
certain
2,002
286
major economies are witnessing diverging economic performances, and are turning to cycle of rate cuts when it comes to monetary policy.
dovish
not forward looking
certain
2,024
461
the pboc will improve the green finance system for peaking carbon emissions and achieving carbon neutrality.
dovish
forward looking
certain
2,023
656
it was emphasized at the meeting that the pbc will follow the guidance of xi jinping’s thought on socialism with chinese characteristics for a new era, earnestly implement the guidelines of the fourth plenary session of the 19th cpc central committee, the central economic work conference and the report on the work of the government, continue acting in accordance with the decisions and arrangements made by the cpc central committee and the state council, stick to the goal of building a moderately prosperous society in all respects, coordinate pandemic containment efforts with economic and social development, and adhere to the underlying principle of pursuing progress while ensuring stability with the pandemic containment becoming a normal.
neutral
forward looking
certain
2,020
363
theformation mechanism of rmb exchange rate should be further improved to keep rmbexchange rate basically stable at an adaptive equilibrium level and promote theequilibrium of the balance of payments.
neutral
forward looking
certain
2,003
940
the pbc will keep the aggregate at an appropriate level to drive a virtuous cycle between finance and the real economy and provide full support for “ensuring stability on the six fronts” (employment, the financial sector, foreign trade, foreign investment, domestic investment and expectations) and “maintaining security in the six areas” (employment, people’s basic livelihood, market entities, food and energy, stability of industrial and supply chains, and smooth functioning of grassroots administration).
dovish
forward looking
certain
2,020
649
it was stressed at the meeting that under the guidance of xi jinping thought on socialism with chinese characteristics for a new era, the pboc will fully implement the requirements of the 20th national congress of the communist party of china (cpc) and the central economic work conference, as well as the decisions and arrangements made by the cpc central committee and the state council.
neutral
forward looking
certain
2,023
15
in addition, the pboc will ensure the implementation of the city-specific housing credit policy to meet the rigid demand for housing and the needs to improve living conditions, and to meet the reasonable financing needs of real estate companies regardless of their ownership types, thus promoting the stable and healthy development of the real estate market.
dovish
forward looking
certain
2,024
342
the pbc will pursue a sound monetary policy in a more flexible, appropriate and well-targeted manner, and use a mix of monetary policy tools and innovate new ones to keep liquidity adequate at a reasonable level.
dovish
forward looking
certain
2,020
798
it will pursue supply-side structural reform as a main task, stay committed to the strategy of expanding domestic demand, and consolidate and expand achievements made in pandemic containment and economic and social development.
dovish
forward looking
certain
2,021
873
the pboc will improve the market-oriented interest rate formation and transmission mechanism, strengthen the guiding role of the central bank policy rates, unleash the benefits of the self-regulatory mechanism for the pricing of market rates and the mechanism for market-oriented adjustments of deposit rates, and steadily bring down the financing costs for businesses and the credit costs for residents.
dovish
forward looking
certain
2,024
123
the pbc will work vigorously to smooth monetary policy transmission to lower the cost of social financing, employ market-based reforms to remarkably lower the real interest rates, and encourage financial institutions to enhance their support for the real economy, especially for micro and small enterprises (mses) and private enterprises.
dovish
forward looking
certain
2,019
906
the international economic and financial situation has become more complicated, and external uncertainties and destabilizing factors are adding up.
hawkish
not forward looking
certain
2,019
722
the pboc will intensify implementation of the existing monetary policies, keep liquidity adequate at a reasonable level, keep credit growing reasonably at a stable pace, and ensure that the growth of money supply and the aggregate financing to the real economy (afre) are generally in line with the nominal gdp growth.
hawkish
forward looking
certain
2,023
110
measures will be taken to foster financial reform and innovation,improve financial market system and enhance competitiveness of financialinstitutions and efficiency of financial market in resource allocation.
dovish
forward looking
certain
2,006
31
it was emphasized at the meeting that the decisions and resolutions adopted at the 18th cpc national congress, 3rd plenum of 18th cpc national congress and central economic work conference will be earnestly implemented.
irrelevant
not forward looking
certain
2,014
664
towards this end, measures would be taken to further improve the effectiveness of the transmission mechanism of monetary policy, optimize credit structure, bolster the financial support for weak links such as agriculture, farmers and the rural areas and small- and medium-sized enterprises, develop consumer credit, support independent innovation, merger and acquisition, industrial relocation and coordinated regional development.
dovish
forward looking
uncertain
2,009
720
weak external demand poses enormous pressures, domestic demand expansion faces multiple constraints, some industries and enterprises experience operation difficulties, and economic restructuring remains an arduous task.
dovish
not forward looking
certain
2,009
521
the monetary policy committee of the pbc convened its second quarterly meeting in 2012 in beijing days ago.
irrelevant
not forward looking
certain
2,012
175
the pbc will deepen interest rate liberalization reform, keep the rmb exchange rate basically stable at an adaptive and equilibrium level and promote the stable and sound development of economy.
dovish
forward looking
certain
2,019
392
economic and financial structure has experienced positive changes.
dovish
not forward looking
certain
2,014
817
on march 29, the monetary policy committee of the people’s bank of china (pboc) held the first quarterly meeting of 2024 (its 104th meeting) in beijing.
irrelevant
not forward looking
certain
2,024
953
financial services to the small and medium-sized enterprises should be further improved.
dovish
forward looking
certain
2,002
328
loans in both local and foreign currencies extended by domestic financial institutions amounted to rmb12.8 trillion yuan, increased by rmb870.1 billion yuan or accelerated by rmb186.2 billion yuan over the same period of last year.
hawkish
not forward looking
certain
2,002
126
the pboc has adopted a mix of policies to support coordinated regional development.
neutral
not forward looking
certain
2,024
4
the committee held that, to implement the decisions and arrangements made by the cpc central committee and the state council on macroeconomic management, the pbc would implement a relatively loose monetary policy, maintain policy consistency and stability, and guide money and credit supply to grow in an appropriate manner.
dovish
forward looking
certain
2,009
889
with innovation and high-quality supply leading and creating new demands, the pbc will make its contribution to accelerating the establishment of a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other.
dovish
forward looking
certain
2,020
989
it was pointed out at the meeting that as the covid-19 pandemic continues to evolve, the external environment is becoming more complex amid uncertainties, and the domestic economic development faces triple pressures, namely demand contraction, supply shocks, and weakening expectations.
dovish
not forward looking
uncertain
2,021
726
days ago, the 4th quarterly meeting of monetary policy committee in 2011 was held in beijing.
irrelevant
not forward looking
certain
2,011
414
it was noted at the meeting that the supply-side structural reform of the financial sector should be deepened to build the system and mechanism needed to provide effective financial support for the real economy.
hawkish
forward looking
uncertain
2,024
965
the pbc would further advance financial reform and innovation, and reinforce risk management, in order to enhance the financial enterprises´ capability in fending off risks.
dovish
forward looking
certain
2,009
661
it was stressed thatsteps should be taken to coordinate macroeconomic policies, boost domesticconsumption demand, optimize the investment structure, and curb the highinvestment growth.
hawkish
forward looking
certain
2,006
9
it will continue to unleash the potential of the reform to lower lending rates, optimize the regulation of deposit rates, and facilitate further decline in real lending rates.
dovish
forward looking
certain
2,021
197
the pbc will work to improve the mechanism for the formation and transmission of market-based interest rates and the central bank policy rate system.
dovish
forward looking
certain
2,021
435
it has used a mix of policy tools, such as interest rates, the required reserve ratio (rrr), central bank lending, and purchasing and selling of government bonds to provide solid support for the real economy and effectively prevent financial risks, creating a favorable monetary and financial environment for economic recovery.
dovish
not forward looking
certain
2,024
553
the monetary policy committee of the people’s bank of china (pbc) held its fourth quarterly meeting of 2010 in beijing days ago.
irrelevant
not forward looking
certain
2,010
887
while the loan prime rate (lpr) reform continued to deliver its benefits, the role of the market-based adjustment mechanism for deposit rates has been brought into play, the monetary policy transmission has become more efficient, and lending rates have dropped significantly.
hawkish
not forward looking
certain
2,023
160
the committee called for strengthening ofmacroeconomic and financial management to ensure the rapid and steadydevelopment of the chinese economy.
dovish
forward looking
certain
2,004
637
a mix of monetary policy tools will be employed to keep the money and credit aggregates and the all-system financing aggregate at reasonable volumes.
neutral
forward looking
certain
2,012
950
the loan prime rate (lpr) reform has produced initial results, and real lending rates have seen a marked decline.
dovish
not forward looking
certain
2,020
799
the monetarypolicy committee of the pbc held the 2nd quarterly meeting of 2005in beijing days ago.
irrelevant
not forward looking
certain
2,005
88
the participants analyzed current economic and financial situations at home and aboard.
irrelevant
not forward looking
certain
2,012
487