8项政策举措出炉，回应汇率、物价等热点话题，央行外汇局发布会要点速览

Group 1 - The People's Bank of China (PBOC) announced 8 policy measures to support the optimization of economic structure transformation [1] - The interest rate for various structural monetary policy tools will be reduced by 0.25 percentage points, with the one-year re-lending rate decreasing from 1.5% to 1.25% [1] - The re-lending quota for supporting agriculture and small enterprises will be increased by 500 billion yuan, with a dedicated quota of 1 trillion yuan for private enterprises [1] Group 2 - The quota for re-lending for technological innovation and technological transformation will be increased from 800 billion yuan to 1.2 trillion yuan, including support for high R&D investment private SMEs [1] - The existing private enterprise bond financing support tool and technological innovation bond risk-sharing tool will be merged, providing a total re-lending quota of 200 billion yuan [1] - The carbon reduction support tool will be expanded to include more projects with carbon reduction effects, guiding banks to support comprehensive green transformation [2] Group 3 - The minimum down payment ratio for commercial property loans will be lowered to 30% to support the destocking of the commercial real estate market [2] - Financial institutions are encouraged to enhance their foreign exchange risk hedging services, providing cost-effective and flexible tools for enterprises [2] - The PBOC will maintain liquidity and conduct flexible government bond trading operations alongside other liquidity tools [3] Group 4 - The PBOC sees room for further reserve requirement ratio (RRR) and interest rate cuts this year, aiming to keep social financing costs low [4] - The PBOC will focus on promoting stable economic growth and reasonable price recovery as key considerations for monetary policy [5] - The PBOC will further expand the support areas for service consumption and elderly care re-lending, including the health industry once recognized [6] Group 5 - The State Administration of Foreign Exchange (SAFE) anticipates stable operation of the foreign exchange market by 2026, with smooth cross-border capital flows [8] - SAFE will enhance monitoring of cross-border capital flows and improve macro-prudential management to maintain stability in the foreign exchange market [8] - New policies will be introduced to support enterprises in going global and developing foreign trade, including cross-border capital management for multinational companies [8] Group 6 - Further optimization of cross-border fund policies for Qualified Foreign Institutional Investors (QFII) will be researched, along with orderly issuance of investment quotas for Qualified Domestic Institutional Investors (QDII) [9] - Efforts will be made to simplify foreign exchange registration procedures for foreign direct investment, facilitating the use of investment funds [9] - The cross-border fund centralized operation management policy will be promoted nationwide for more medium-sized multinational companies [9]