The People's Bank of China will create new structural monetary policy tools.

On April 28th, Vice Governor of the People's Bank of China, Zou Lan, stated at a press conference held by the State Council Information Office that the People's Bank of China will make good use of a moderately loose monetary policy. According to the domestic and international economic situation and the operation of financial markets, timely reserve requirement ratio cuts and interest rate cuts will be implemented to maintain liquidity, create new structural monetary policy tools, focus on key areas of stabilizing employment and growth, and provide precise support, maintaining financial support. The People's Bank of China is researching and enriching its policy toolbox and will introduce incremental policies in a timely manner to support stable employment, stable enterprises, stable markets, and stable expectations, effectively consolidating the fundamental aspects of economic development and social stability.