The People's Bank of China adheres to a supportive monetary policy stance, increases the intensity of monetary policy regulation, enhances the precision of monetary policy regulation, and creates a favorable monetary and financial environment for the stable growth and high-quality development of China's economy.

The PBOC has decided to reduce the deposit reserve ratio for financial institutions by 0.5 percentage points as of today (27th), excluding financial institutions that have already implemented a 5% deposit reserve ratio. After the reduction, the weighted average deposit reserve ratio for financial institutions is about 6.6%.