Li Dongrong: Enhancing the flexibility of RMB exchange rate

-Our correspondent Ren Xiao eds. People's Bank of China's assistant Li Dongrong 9th said the next step is to strengthen financial macro-control, taking into account multiple policy objectives, continue to strengthen and improve the management of liquidity, further improve the RMB exchange rate formation mechanism and enhance exchange rate flexibility. Li Dongrong in the 11th session of China Financial Development Forum to do the above statement. In response to the July CPI rose 3.3% to 21 months since the new high, Li Dongrong said, to in-depth analysis of overall price trends, management of inflation expectations. According to the expected target of the total amount of RMB new loans in the whole year, the financial institutions should rationally grasp the pace and progress of the loan, increase the support to the three agriculture, strategic emerging industries and industrial transfer, and strictly control the loans to the high energy-consuming and high emission industries and the overcapacity industries, and set up　　Increase SME financing product innovation.　　Li Dongrong said that we should pay close attention to the hidden risks of fiscal liabilities, protect the risk of high polluting and energy-consuming industries, study the establishment of deposit insurance system and perfect the national financial safety net. He said that commercial banks should take low-carbon economic projects as the focus of loan support, innovate loan management mechanism to meet the development demand of low-carbon economy, study and explore the open quota system and the development of emission quota trading market, implement energy saving and emission reduction and environmental protection measures.