Central Bank: Effectively utilize the dual functions of the total amount and structure of MMF policy tools.

Glonghui, May 9 | The central bank released China's monetary policy implementation report for the first quarter of 2025. It mentioned that it makes full use of the dual functions of monetary policy instruments, insists on focusing on key points, reasonable moderation, progress and retreat, and guides financial institutions to step up support for technology finance, green finance, inclusiveness, expansion of consumption, and stabilization of foreign trade. Adhere to a managed floating exchange rate system based on market supply and demand, adjusted with reference to a basket of currencies, adhere to the decisive role of the market in exchange rate formation, enhance the resilience of the foreign exchange market, stabilize market expectations, resolutely correct market procyclical behavior, resolutely deal with acts disrupting market order, resolutely prevent the risk of exchange rate overadjustment, and maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level. Explore and expand the central bank's macroprudential and financial stability functions, maintain financial market stability, and firmly adhere to the bottom line that systemic financial risks do not occur.