People's Bank of China: Continue to implement a moderately loose monetary policy

The Party Committee of the People's Bank of China (PBOC) convened a meeting, emphasizing that to ensure the PBOC's work next year, it is essential to adhere to the general principle of seeking progress while maintaining stability, fully and accurately implement the new development philosophy, continue implementing a moderately loose monetary policy, leverage the integrated effects of existing and new policies, increase counter-cyclical and cross-cyclical adjustments, focus on expanding domestic demand and optimizing supply, improve incremental growth and revitalize existing assets, and create a favorable monetary and financial environment for stable economic growth, high-quality development, and the stable operation of the financial market. (Jinshi)