Core Viewpoint - The article emphasizes the need to establish a scientific and robust monetary policy system along with a comprehensive macro-prudential management framework in China [1] Group 1: Monetary Policy - The central bank aims to enhance the role of policy interest rates and narrow the width of the short-term interest rate corridor [1] - There is a focus on improving the transmission mechanism from central bank policy rates to market benchmark rates and subsequently to various financial market rates [1] Group 2: Interest Rate Mechanism - The article highlights the importance of refining the loan interest rate pricing benchmark to better reflect the actual level of loan market interest rates [1] - It calls for improvements in the quality of the Loan Prime Rate (LPR) quotations [1]

Core Viewpoint - The article emphasizes the need to establish a scientific and robust monetary policy system and a comprehensive macro-prudential management system in China [1] Group 1: Monetary Policy - The central bank aims to enhance the role of policy interest rates and narrow the width of the short-term interest rate corridor [1] - There is a focus on improving the transmission mechanism from central bank policy rates to market benchmark rates and various financial market rates [1] - The article advocates for the refinement of loan interest rate pricing benchmarks to better reflect the actual level of loan market interest rates [1]