People's Bank of China: The credit support for small and medium-sized enterprises has significantly increased.

Recently, the financial management department introduced a package of financial policies, releasing strong signals to stabilize the market and expectations. Ding Zhijie, director of the Financial Research Institute of the People's Bank of China, stated in a large-scale multimedia interview program "China Economic Roundtable" that with financial policy support, the scale of funds from financial institutions to the real economy continues to expand, and the credit support for small and medium-sized enterprises has significantly increased. Ding Zhijie introduced that recently, the People's Bank of China lowered the reserve requirement ratio by 0.5 percentage points, and at the same time reduced the policy interest rate by 0.1 percentage points, comprehensively reducing the interest rate of structural monetary policy tools by 0.25 percentage points. These policies help expand the scale of funds from financial institutions to the real economy, reduce corporate financing costs, and improve their production and operation stability.