“Since February this year, because of the impact of the new coronary pneumonia epidemic, the downward pressure on the economy has increased. Let us look at the background of macro leverage, which is different from the background of macro leverage.” Ruan Jianhong, director of the Statistics Department, said at a news conference on April 10 that the formulation of financial policies must take into account overall consideration of epidemic prevention and control and economic and social development, and at the same time, the connection between special policies and normal policies must be done. While better supporting the recovery of the real economy, we must also prevent and control financial risks.
“Look at the macro leverage ratio, not just one point in time. This is a problem of the process. In this process, the current situation should allow the macro leverage ratio to have A certain phased rise. The purpose of the phased rise is to expand the credit support of the financial system to the real economy, mainly to effectively promote the resumption of production and production. In fact, the process is put a little longer, this is for better future Maintaining a reasonable macro leverage ratio creates favorable conditions. “Ruan Jianhong said.
The central bank emphasized that the momentum of the excessive increase in macro leverage in recent years has been contained.
Ruan Jianhong said that the increase in macro leverage ratio in 2019 is 5 percentage points, which is a significant decrease from the average annual increase of 10 percentage points from 2008 to 2016. In recent years, the upward momentum of macro leverage has been effectively contained.