In the first quarter, the central bank injected approximately 2 trillion yuan of medium and long-term funds. The central bank will continue to implement a moderately loose monetary policy.

The People's Bank of China released the report on the implementation of China's monetary policy for the first quarter of this year. The report shows that since the beginning of the year, the social financing conditions have been in a loose state, and the total financial volume has grown reasonably. In the first quarter, the People's Bank of China injected about 2 trillion yuan of medium and long-term funds through various operations, and the fund situation remained loose. Since the beginning of the year, the People's Bank of China has improved structural monetary policy tools and increased support, with the credit structure continuing to optimize. At the end of March, the balance of structural monetary policy tools supporting the five major financial measures was 4.3 trillion yuan; the balance of loans to technology-based small and medium-sized enterprises increased by 20.9% year-on-year; the balance of loans to private enterprises increased by 5.4% year-on-year; the balance of loans to agriculture-related sectors increased by 6.7% year-on-year; and the balance of loans to key areas of service consumption nationwide increased by 5.4% year-on-year. In the next stage, the People's Bank of China will continue to implement a moderately loose monetary policy.