Starting today, the reserve requirement ratio will be implemented, providing the market with long-term liquidity of approximately 1 trillion yuan.

Starting today, our country will reduce the reserve requirement ratio by 0.5 percentage points, providing the market with long-term liquidity of about 1 trillion yuan. Since the announcement of a package of financial policies on May 7th, the market has witnessed the implementation of reserve ratio cuts and interest rate reductions; the emergence of the "technology board" in the bond market and the issuance of technology innovation bonds; the creation of 500 billion yuan in loans for service consumption and elderly care... Incremental financial policies have been implemented to further stabilize the market and expectations, support the economy's rebound, and respond to internal and external uncertainties, creating a favorable financial environment.