The Party Committee of the People's Bank of China convened a meeting, emphasizing the continuation of a moderately loose monetary policy and the acceleration of supply-side structural reforms in the financial sector. Promoting stable economic growth and a reasonable recovery in prices will be key considerations in monetary policy. The meeting stressed the need for flexible and efficient use of various monetary policy tools, including reserve requirement ratio (RRR) cuts and interest rate cuts, while carefully managing the intensity, pace, and timing of policy implementation. This will maintain ample liquidity, promote low overall financing costs, and strengthen financial support for the real economy. The meeting also emphasized smoothing the monetary policy transmission mechanism, optimizing the use of structural monetary policy tools, strengthening coordination with fiscal policy, and incentivizing and guiding financial institutions to increase support for key areas such as expanding domestic demand, technological innovation, and small and medium-sized enterprises (SMEs). The meeting further stressed maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level. (Jinshi)