At the 2024-2025 China Economic Annual Conference held today at the China International Economic Exchange Center, Director Wang Xin of the Central Bank Research Bureau mentioned that, in terms of the next stage of monetary policy implementation considerations, efforts should be increased to fully meet effective fund demand and promote funds to flow into the real economy. On the liquidity level, the average reserve requirement ratio in our country is currently 6.6%, and there is still room for further reserve requirement ratio reduction. The exploration of secondary market government bond trading by the Central Bank is also becoming more mature, and in the future, it is necessary to use various monetary policy tools to provide sufficient medium to long-term liquidity and maintain ample liquidity in the banking system. In terms of overall financial volume, banks should be guided to focus on key areas such as Financial Five Articles, Real Estate, 'Two Reforms', and 'Two New', enhance project reserves, increase credit supply, and strive to ensure that the scale of social financing and the money supply match the economic growth and overall price level expectations.