The enlarged meeting held by the Party Committee of the People's Bank of China made it clear that the moderately loose monetary policy should be well implemented. Based on the domestic and international economic and financial situation and the operation of financial markets, we will take the opportunity to lower reserve requirement ratios and interest rates, comprehensively use various monetary policy tools such as open market operations, maintain sufficient liquidity, and match the expected goals of economic growth and overall price levels with the growth of social financing scale and money supply. The meeting held that the People's Bank of China should focus on target guidance, grasp the policy orientation, stress timing and strength, strengthen systematic thinking, and create a good monetary and financial environment to promote the sustained recovery of the economy. The meeting stated that one is to implement a moderately loose monetary policy. Balancing short-term and long-term, stable growth and risk prevention, internal and external balance, supporting the real economy and maintaining the health of the banking system itself. Further unblock the transmission channels of monetary policy, improve the formation and transmission mechanism of interest rates, and promote the reduction of comprehensive financing costs in society. Strengthen communication with the market and enhance policy transparency. Adhere to the decisive role of the market in the formation of exchange rates, strengthen expectation guidance, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. The second is to strengthen financial services in major strategic areas, key areas, and weak links. Scientifically utilizing various structural monetary policy tools, guiding financial institutions to increase support for areas such as technology finance, green finance, universal small and micro enterprises, and pension finance. Research the creation of new structural monetary policy tools, with a focus on supporting investment and financing in the field of technological innovation, promoting consumption, and stabilizing foreign trade. Strengthen policy coordination and transmission, support economic structural adjustment, transformation and upgrading, and the transformation of old and new driving forces, and better leverage the synergistic effects of monetary policy, fiscal subsidies, risk compensation and other measures. The third is to prudently and effectively prevent and resolve financial risks in key areas. Explore the expansion of macro prudential and financial stability functions, and maintain financial market stability. Support the stable development of the capital market. Continue to do a good job in resolving debt risks of financial support financing platforms. Adhere to the principles of marketization and rule of law, and actively support the risk management of small and medium-sized financial institutions. Improve macro prudential management of real estate finance and establish a sound system for real estate finance. The fourth is to further comprehensively deepen financial reform and opening up. Accelerate the improvement of the central banking system, enhance the dual pillar regulatory framework of monetary policy and macroprudential policy, optimize the financial market, financial services, and financial market infrastructure system, and improve the rule of law in finance. We will orderly promote the institutional opening up of the financial services industry and financial markets, and steadily and prudently promote the internationalization of the renminbi. Actively participate in international financial governance and cooperation, promote global macro policy coordination and international financial rule making. Adhere to the coordinated development and security, and resolutely safeguard national financial security. The fifth is to deepen the comprehensive and strict governance of the Party. Strictly and practically carry out the rectification of central inspections and economic responsibility audits, and strengthen the application of rectification results. Solidly carry out in-depth study and education on the spirit of the Central Eight point Regulation, promote the normalization and long-term effectiveness of party discipline study and education, adhere to the integration of positive conduct, strict discipline, and anti-corruption, and create a clean and upright political ecology. The meeting said that the People's Bank of China should improve the working mechanism for handling proposals, deepen communication and consultation, build consensus, further improve the quality of handling proposals, and vigorously promote the implementation of various financial policies for the people. (New Society)