[Pan Gongsheng: Continue to promote the transformation of the monetary policy framework and build a scientific and stable monetary policy system] On September 16, "Qiushi" published a signed article by Pan Gongsheng, Governor of the Central Bank, entitled "In-depth understanding of the changes in China's financial structure and improving the adaptability of financial services to the real economy." It pointed out that we will continue to promote the transformation of the monetary policy framework and build a scientific and stable monetary policy system. Continuously optimize the intermediate variables of monetary policy, downplay the focus on quantitative targets, especially the focus on the single channel of loans, and use financial aggregates more as observational, reference and anticipatory indicators. Pay more attention to the role of price-based regulation and improve the market-oriented interest rate formation, regulation and transmission mechanism. Improve the short-end interest rate control mechanism, further optimize and improve policy interest rates and supporting system construction, and enhance the role of central bank policy interest rates. Improve deposit and loan interest rate pricing to provide operating entities with more choices for loan pricing benchmarks. Strengthen the implementation and supervision of interest rate policies, and continue to rectify "involvement" competition and idling of funds in the financial industry. Improve credible, normalized, and institutionalized policy publicity and market communication mechanisms, and provide policy communication and expected guidance in a professional and pragmatic manner.