The Ministry of Finance's Party Group Theory Study Center Group pointed out in an article in the People's Daily on the 23rd that for a macroeconomic approach, the current active fiscal policy should be coordinated with a sound monetary policy, play a “combo punch” of countercyclical and cross-cyclical adjustments, and form joint efforts in expanding investment, promoting consumption, and stabilizing exports. In terms of the meso mechanism, it is necessary to strengthen coordination between fiscal and monetary policies and financial reforms, improve basic currency investment and money supply regulation mechanisms, support the gradual increase in treasury bond trading in the central bank's open market operations, and enrich the monetary policy toolbox. Research and expand the variety and scale of government bond counter sales. Improve the long-term mechanism for issuing overseas sovereign bonds. Deepen interest rate marketization reforms, clear interest rate transmission mechanisms, give better play to the role of treasury bond yield curve pricing benchmarks, and improve capital allocation efficiency.