Central Bank Continues to Implement Moderate Easing Monetary Policy, Maintaining Ample Liquidity

On October 30, the People's Bank of China held a party committee meeting, emphasizing the continuation of a moderately easing monetary policy, utilizing various monetary policy tools to maintain ample liquidity. The meeting proposed to focus on the financial "five major articles," accelerate the construction of a multi-level modern financial market system, enhance the adaptability of financial services to the real economy, and better support economic transformation, upgrading, and the conversion of growth momentum. At the same time, the meeting pointed out the need to effectively prevent and resolve financial risks in key areas, expand high-level financial openness, promote the internationalization of the Renminbi, accelerate the construction and development of a multi-channel, widely covered cross-border payment system for the Renminbi, and firmly safeguard national financial security.

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