The Monetary Policy Committee of the People's Bank of China held its fourth quarter meeting of 2024. The meeting discussed deepening the structural reform of the financial supply side, pointing out that large Banks should play a leading role in financial services for the real economy, promote small and medium Banks to focus on their main responsibilities, support Banks in capital replenishment, and jointly maintain the stable development of the financial market. Continuous efforts should be made to provide financial services that support the development of the private economy, fully utilize the coordination mechanism for financing support for small and micro enterprises, and further address the financing bottlenecks faced by small and micro enterprises. Focus on implementing the financial policy measures already introduced to achieve tangible results, increase efforts to revitalize existing Commodity housing and land, promote the stabilization and recovery of the Real Estate market, improve the foundational financial systems related to Real Estate, and help build a new model for Real Estate development. Implement financial policy measures to promote the healthy development of the platform economy. Effectively advance high-level mutual opening of finance, and enhance the economic and financial management capabilities and risk prevention capabilities under conditions of openness.