On May 22, it was reported that the Ministry of Finance and the People's Bank of China held the fourth leadership meeting of their joint working group. The meeting fully acknowledged the achievements made this year through the collaboration between the Ministry of Finance and the People's Bank of China. In-depth discussions were held on topics such as supporting the stable operation of financial markets, improving the coordination between fiscal and financial policies, and promoting the development of the offshore RMB bond market. Moving forward, the joint working group mechanism will continue to play a role in communication and coordination, jointly implementing a more proactive fiscal policy and a moderately loose monetary policy. (Ministry of Finance)