The people's Bank of China held a teleconference in the second half of 2020 on the same day that pointed out that monetary policy should be more flexible, moderate and precise oriented, and that various policies to stabilize enterprises and ensure employment should be implemented effectively. Comprehensive use of a variety of monetary policy tools to guide the growth of broad money supply and social financing scale is significantly higher than that of last year, and promote the substantial growth of inclusive small and micro enterprise loans and manufacturing medium and long-term loans. We will focus on the implementation of the 1 trillion yuan re loan and rediscount policy and the two direct tools, so as to bring as many small and micro enterprises affected by the epidemic situation into the scope of support. We should do a good job of periodical supervision, evaluation and acceptance, promote the obvious reduction of financing costs of enterprises, and effectively promote the financial system to make profits to enterprises.