Central Bank: Continue to implement a moderately loose monetary policy

【Central Bank: Continue to implement moderately loose monetary policy】The People's Bank of China held a work conference for the second half of 2025 and a meeting to promote the central inspection and rectification work in the second half of 2025 on August 1. The meeting held that financial support for the economy continued to improve. Implement a moderately loose monetary policy, reduce the reserve requirement ratio, and flexibly use a variety of monetary policy tools to maintain abundant liquidity. The policy interest rate, the interest rate on structural monetary policy instruments and the interest rate on personal housing provident fund loans will be lowered to promote the downward trend of financial market interest rates and social comprehensive financing costs. We will continue to improve the monetary policy framework, cultivate policy interest rates, improve the monetary policy toolbox, do a good job in policy communication and expected guidance, and consolidate and expand the effectiveness of the "involution" competition in the financial industry