Central bank: maintain relatively loose social financing conditions and guide the reasonable increase of overall financial volume.

People's Bank of China spokesperson and deputy governor Zou Lan stated at a press conference held by the State Council Information Office on January 15 that, based on the domestic and international economic and financial situation as well as the operation of the financial market, promoting stable economic growth and reasonable price increase are important considerations for monetary policy. They will flexibly and effectively use various monetary policy tools including reserve requirement ratio cuts and interest rate cuts to maintain ample liquidity, relatively loose social financing conditions, guide reasonable growth in financial aggregate, and ensure balanced credit distribution. They will utilize the dual function of total and structural monetary policy, accelerate the implementation of a series of recent structural monetary policy tools, and guide financial institutions to support key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises.