Sou Hu Cai Jing·2025-12-11 13:44Core Viewpoint - The Central Economic Work Conference emphasizes the continuation of a moderately loose monetary policy, focusing on stabilizing economic growth and ensuring reasonable price recovery through various policy tools such as reserve requirement ratio (RRR) cuts and interest rate reductions [1][3]. Monetary Policy - The conference highlights the need for "flexible and efficient" use of monetary policy tools, indicating a shift from last year's focus on "timely" adjustments to a more proactive and efficient approach [3][4]. - The policy direction for the upcoming year will prioritize long-term economic development over short-term stimulus effects, integrating both new and existing policies to enhance macroeconomic governance [2][4]. Financial Sector - The conference introduces the initiative to deepen the reduction and quality improvement of small and medium-sized financial institutions, aiming to enhance the efficiency of the financial system in supporting technological innovation and the real economy [5].