Wang Qing, chief macro analyst at Dongfang Jincheng, believes that the expression of "timely reductions in the reserve requirement ratio and interest rates" releases a clear signal of strengthened counter-cyclical adjustments for 2025. It is expected that this year the central bank will continue to implement significant reductions in the reserve requirement ratio and interest rates. "Overall, lowering interest rates and reserve requirements will, on one hand, promote the growth rate of financial total metrics such as Crediting, social financing, and MMF, directly increasing the financial support for the real economy. On the other hand, it also releases a signal of strengthened counter-cyclical adjustments, which helps to boost market confidence," Wang Qing stated.