In June, the trend towards current account deposits being made by enterprises and residents, the central bank is expected to continue improving the market-based interest rate transmission mechanism.

In the latest released financial data, there is a positive change in the current accountization of enterprise and resident deposits in June. At the same time, the financial regulatory authorities have mentioned multiple times recently about "grasping the relationship between supporting the real economy and maintaining the health of the banking system." Industry insiders believe that reducing the cost of debt can help improve the sustainability of commercial banks in serving the real economy and create favorable conditions for reducing the overall social financing costs.