2012年中国金融政策执行效果分析

本文在回顾2012年中国实施的主要金融政策的基础上，具体分析了其执行效果，并针对金融政策执行中的不足之处，结合对中国宏观经济运行情况的展望，对2013年中国金融政策提出建议。分析结论表明：2012年金融政策的总体执行效果不错。宏观经济保持了稳定增长，物价水平得到了较好控制。人民币汇率水平在合理区间内波动，国际收支渐趋平衡。债券市场和期货市场表现良好，股票市场欠佳。保险业资产规模稳定增长，行业竞争力不断提升。房价增速得到了有效的控制，保障房供给以及与此配套的信贷支持不断增强。2013年中国应该继续执行稳健的货币政策，继续推动利率市场化进程，深化资本市场和金融机构改革。

On the Implementation Effects of China’s Financial Policies in 2012

Based on the review of China＇s main financial policies implemented in 2012, this paper analyzes the effect of these policies and puts forward some suggestions about fi- nancial policies in 2013, which are based on the inadequacy of financial policies in 2012 and are combined with the outlook for the macroeconomic situation. The result shows that the o- verall effect of financial policies in 2012 is good. Macrok-economy maintains a steady growth, and the price level is controlled well. RMB exchange rates fluctuate within a reason- able range, and the international balance of payment tends to be in equilibrium. Both of bond and futures markets perform well, but the performance of stock market is not good. Assets scale grows steadily and the competitiveness unceasingly increases in insurance industry. The growth of housing prices has been effectively controlled, and the supply of indemnificatory housing and ancillary credit support continuously increase. In 2013, China should continue to implement stable monetary policy, keep on promoting the marketization process of interest rates, and deepen the reform of capital market and financial institutions.