Core Viewpoint - The article emphasizes the need to construct a scientific and robust monetary policy system along with a comprehensive macro-prudential management framework in China [1] Group 1: Monetary Policy Framework - The People's Bank of China aims to optimize the mechanism for basic currency issuance and the intermediate variables of monetary policy [1] - There is a focus on maintaining reasonable growth in the total financial volume while ensuring ample liquidity in the banking system [1] - The goal is to meet the effective financing needs of the real economy [1] Group 2: Policy Adjustments - The article advocates for a gradual establishment of a basic currency issuance mechanism that combines short, medium, and long-term strategies with Chinese characteristics [1] - It suggests a shift in focus from quantitative targets to more observational, reference, and expectation-based indicators in monetary policy [1] - This shift is intended to create conditions for greater effectiveness of interest rate adjustments [1]