Core Viewpoint - The People's Bank of China (PBOC) plans to adjust monetary policy, including potential interest rate cuts and reserve requirement ratio (RRR) reductions, based on domestic and international economic conditions [2][3]. Group 1: Monetary Policy Adjustments - The average reserve requirement ratio for financial institutions is currently 6.6%, indicating room for further reductions [2]. - The PBOC aims to implement a moderately loose monetary policy, focusing on supporting key strategic areas and weak links in the economy [4]. Group 2: Financial Market Regulation - The PBOC will enhance the regulation of market behaviors that may hinder the transmission of monetary policy, ensuring effective implementation of interest rate policies [3]. - There is a commitment to strengthen the coordination between financial policies and industrial policies, ensuring targeted support while maintaining control [3]. Group 3: Support for Innovation and Capital Markets - The PBOC plans to expand the scale of re-loans for technological innovation and transformation, emphasizing support for strategic sectors [4]. - Collaboration with the China Securities Regulatory Commission (CSRC) is being explored to establish a regular framework to support capital market development [4].