Group 1 - The People's Bank of China has introduced a monetary policy package aimed at supporting the real economy, particularly in key areas and weak links, to ensure a strong start for the 14th Five-Year Plan [1][2] - The policy includes a reduction in the interest rates of various structural monetary policy tools, with the one-year re-lending rate decreased from 1.5% to 1.25%, which is expected to lower financing costs and stimulate credit growth in priority sectors [1] - The new measures will increase the re-lending quota for technological innovation and technological transformation to 1.2 trillion yuan, and an additional 500 billion yuan will be allocated for supporting agriculture and small enterprises, addressing funding gaps in these critical areas [1] Group 2 - The policy also expands the scope of structural tools to include dedicated re-lending for private enterprises and high R&D investment private SMEs, enhancing financial support for these sectors and fostering a more vibrant market for economic transformation [2] - New support areas include carbon reduction financing tools and re-lending for consumer services and elderly care, aligning with China's goals for green transformation and boosting domestic demand [2] - The targeted approach of the policy aims to lower financing costs while directing financial resources towards high-quality development, thereby enhancing the effectiveness of financial services for the real economy [2]