The State Council's report on financial work: We must implement a moderately loose monetary policy and focus on providing high-quality financial services.

The State Council's report on financial work was submitted to the 18th meeting of the Standing Committee of the 14th National People's Congress for deliberation on the 26th. The report pointed out that it is necessary to implement a moderately loose monetary policy in detail to create a suitable monetary and financial environment for consolidating and expanding the positive momentum of economic recovery. Implement all the monetary policy measures that have been issued, continue to release the policy effectiveness, and study and reserve new policy measures. Strengthen the implementation and supervision of interest rate policies and promote the reduction of the overall social financing cost. The next step will highlight the key direction of financial services for the real economy and focus on providing high-quality financial services. Increase efforts to do a good job in the "five major articles" of finance and guide financial institutions to improve the professional and refined capabilities and levels of financial services. Continue to focus on key areas such as scientific and technological innovation, boosting consumption, small and micro enterprises, and stabilizing foreign trade, strengthen the coordination and linkage of fiscal, monetary, industrial and other policies, manage and use the existing structural monetary policy tools well, and increase support for key areas and weak links. Accurately and effectively promote financial support for key industries to improve quality and upgrade. (Jinshi)