Group 1 - The report highlights three important questions regarding the adjustment of the statutory deposit reserve requirement, focusing on the potential impact of reforming the implicit lower limit of the reserve requirement [6][7][10] - The report indicates that the current weighted statutory reserve requirement rate is approximately 6.2%, providing significant room for a potential reduction, with a long-term liquidity release of over 1 trillion yuan possible from a 50 basis point cut [11][12] - It is noted that previous reductions in reserve requirements have not led to a significant decrease in long-term bond yields, indicating that while the direction is positive, the impact on both ends of the bond market may be limited [12][13] Group 2 - The report discusses the implications of adjusting the implicit lower limit of the statutory reserve requirement, emphasizing its role in enhancing long-term liquidity and improving the efficiency of bank fund utilization [10][11] - It is suggested that the necessity for a reduction in reserve requirements is currently low due to the diversification of liquidity tools available to the central bank, such as reverse repos and MLF [10][11] - The report also mentions that the current reserve requirement rate of 1.62% has not followed broader interest rate adjustments, leading to a high opportunity cost for released funds [13][18]