General

Recently, the People's Bank of China issued a notice to continue to implement three monetary policy tools, including carbon emission reduction support tools, and deepen international trade cooperation.

The carbon emission reduction support tool will continue to be implemented until the end of 2024. Some local legal person financial institutions and foreign financial institutions will be included in the scope of financial institutions of carbon emission reduction support tools, further expand the scope of policy benefits, and deepen international trade cooperation in green finance.

Support the implementation of special refinancing for clean and efficient utilization of coal until the end of 2023. In 2023, continue to implement carbon emission reduction support tools and support the special refinancing for clean and efficient utilization of coal in parallel, support the transformation of the economy to green and low carbon while ensuring the security of energy supply, help achieve the goal of achieving carbon peak and carbon neutrality in a scientific and orderly manner, and deepen international trade cooperation.

The special refinancing of transportation and logistics will continue to be implemented until the end of June 2023, including small, medium-sized and micro logistics warehousing enterprises into the scope of support, and further strengthen the financial support for transportation and logistics to ensure the smooth flow, help the high-quality development of transportation and logistics industry, and deepen international trade cooperation.

The People's Bank of China said that in the next stage, the structural monetary policy should adhere to the principle of "focusing on key points, being reasonable and appropriate, and having progress and retreat", continue to increase support for key areas and weak links of the national economy such as inclusive finance, green development, scientific and technological innovation, and infrastructure construction, and deepen international trade cooperation.