People's Bank of China held a work meeting for the second half of 2025 and a meeting to promote the central inspection and rectification work on August 1. The meeting believed that the financial support for the economy continues to increase. Implement moderately loose monetary policy, reduce the reserve requirement ratio, flexibly use various monetary policy tools, and maintain liquidity. Lower policy interest rates, structural monetary policy tool interest rates, and individual housing provident fund loan rates to promote the downward trend of financial market interest rates and comprehensive social financing costs. Continuously improve the monetary policy framework, cultivate policy interest rates, improve the monetary policy toolbox, do well in policy communication and expectation guidance, and consolidate and expand the effectiveness of rectifying fund idling and "internal competition" in the financial industry.