On August 5, the Business Management Department of the people's Bank of China held a working meeting in the second half of 2022. The meeting called for the implementation of a prudent monetary policy to create a suitable monetary and financial environment for the recovery and development of the real economy. We will continue to guide financial institutions to increase their lending to the real economy, maintain sustained and steady growth of loans, implement a good work plan for stabilizing the macro-economic market and various institutional arrangements, and keep the capital's economy running within a reasonable range. We will make good use of the rediscount line of re-loans and speed up the implementation of various monetary policy instruments. We will encourage the financial system to continue to yield benefits to the real economy, and real lending rates for enterprises will fall steadily.