Analyst: It's not ruled out that the central bank may announce the implementation of a new round of reserve ratio cuts in January 2026.

In the implementation of future monetary policy, Wang Qing, Chief Macro Analyst of Orient Securities, predicts that, based on the current economic and financial situation and the direction of monetary policy, it is not ruled out that the central bank may announce the implementation of a new round of reserve requirement ratio cuts in January 2026, with a possible reduction of 0.5 percentage points, and an estimated release of around 1 trillion yuan of long-term liquidity to the market. This move will not only help support the pace of bank credit issuance at the beginning of next year, but also take into account liquidity arrangements before and after the Spring Festival, further signaling support for growth-stabilizing policies.