People's Bank of China: Flexibly and efficiently use various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions, and grasp the strength, rhythm, and timing of policy implementation

The Governor of the People's Bank of China, Pan Gongsheng, presided over a meeting, proposing to continue implementing a moderately loose monetary policy and advancing structural reforms on the financial supply side. Flexibly use tools such as reserve requirement ratio cuts and interest rate reductions to maintain ample liquidity, promote low financing costs, and strengthen support for the real economy. Optimize monetary policy tools, enhance coordination with fiscal policy, support the expansion of domestic demand, technological innovation, and small and micro enterprises, and maintain the stability of the RMB exchange rate