Central Bank: Maintain a reasonable increase in overall financial quantity Adjust counter-cyclical and cross-cyclical adjustments according to changes in economic and financial situations.

The central bank has released the third quarter report on the implementation of China's monetary policy in 2025. In the next stage, financial aggregate will be maintained at a reasonable growth rate. A moderately accommodative monetary policy will be implemented to keep the conditions for social financing relatively loose. According to changes in the economic and financial situation, counter-cyclical and inter-cyclical adjustments will be made to continuously create a conducive monetary and financial environment. Close attention will be paid to changes in monetary policies of major central banks overseas, and analysis and monitoring of liquidity supply and demand in the banking system and changes in financial markets will be continuously strengthened. A variety of monetary policy tools will be comprehensively used to maintain ample liquidity. Banks will be guided to solidify their credit support efforts, maintain a reasonable growth in financial aggregate, and ensure that the scale of social financing and the supply of money grow in line with expected economic growth and overall price levels.