Zou Lan, Deputy Governor of the People's Bank of China (PBOC), revealed at a press conference by the State Council Information Office that the PBOC will further implement the moderately loose monetary policy in the next phase to polish the quality and efficiency of financial services to the real economy with various monetray policy measures that have already taken effect.

Among them, as for aggregate policy, the focus will be on the strength and pace of policy implementation, while maintaining ample liquidity and ensuring that the growth of social financing scale and money supply aligns with the expected targets for economic growth and overall price levels.

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Meanwhile, in terms of structure, the focus will be on technological innovation, expanding consumption, and supporting private small and micro enterprises, strengthening policy coordination and interaction, and fully utilizing various structural monetary policy tools to intensify support for key areas and weak links.