The recent Party committee meeting and the video conference of department- and bureau-level cadres of the people's banking system respectively held by the People's Bank of China transmitted the spirit of the Central Economic Working Conference and called for its implementation.

Dai Xiangrong, governor of the People's Bank of China, stressed the need to give further play to the role of the monetary policy, appropriately increase money supply, conscientiously speed up the pace of financial reform, actively guard against and defuse financial risk, concentrate energy on doing well 10 items of work of the central bank and promote the realization of the goal for the development of the national economy.

First, making comprehensive use of various monetary policy tools, further displaying the role of the monetary policy and appropriately expanding money supply.

Second, readjusting the credit policy and improving financial services.

Third, conscientiously carrying out the various financial policies on increasing capital and reducing debts for State-owned enterprises (SOEs).

Fourth, the central bank should do a good job in properly safeguarding financial stability, and pay high attention to guarding against and defusing financial risk.

Fifth, the central bank should step up study of various measures for deepening financial reform after China's entry into the World Trade Organization (WTO), speed up the pace of financial reform and enhance the competitiveness of China's financial sector.

Sixth, doing a good job in rectifying and standardizing social credits.

Seventh, continuing to strengthen foreign exchange and foreign debt management and maintaining a balance of international payments.

Eighth, supporting the development of enterprises' direct collection of funds, and supporting the development of the capital market.

Ninth, conscientiously summing up the experiences and drawing on lessons from the reform and development of China's finance, from the angle of domestic and international economic development, we should study some major issues concerning financial development and step up the formulation of the 10th Five-year Plan for national economic and social development. And

Tenth, strengthening Party building, conscientiously carrying out the "three-emphasis" education and rectification, and consolidate the achievements gained in this education campaign.