In order to implement the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, accurately and effectively implement a prudent monetary policy, and guide financial institutions to increase support for green development and other fields, the People's Bank of China recently issued a notice to continue the implementation of three monetary policy tools, including carbon emission reduction support tools.

One is to continue the implementation of carbon emission reduction support tools until the end of 2024, including some local legal person financial institutions and foreign financial institutions within the scope of carbon emission reduction support tools, further expanding the scope of policy benefits, and deepening international cooperation in green finance. The second is to support the continuation of the special re loan for clean and efficient utilization of coal until the end of 2023. In 2023, we will continue to implement carbon reduction support tools and support the special re loan for clean and efficient utilization of coal in parallel. While ensuring energy supply security, we will support the transformation of the economy towards green and low-carbon, and help achieve the goal of carbon peak and carbon neutrality in a scientific and orderly manner. Thirdly, the special re loan for transportation and logistics will continue to be implemented until the end of June 2023, including small and medium-sized logistics warehousing enterprises, to further enhance financial support for transportation and logistics to ensure smooth operation and promote high-quality development of the transportation and logistics industry.

In the next stage, the People's Bank of China will conscientiously implement the decisions and deployments of the Party Central Committee and the State Council, adhere to the structural monetary policy of "focusing on key areas, being reasonable and moderate, and having progress and retreat", and continue to increase support for key areas and weak links of the national economy such as inclusive finance, green development, technological innovation, and infrastructure construction.