The People's Bank of China will continue to leverage the incentivizing and guiding role of structural monetary policy tools, aiming to steer financial institutions towards optimizing their credit structures through market-oriented mechanisms.

During a press conference held by the State Council Information Office, Xie Guangqi, head of the Monetary Policy Department at the People's Bank of China, outlined the central bank's forthcoming approach.

He stated that the next steps involve not only utilizing these structural tools to guide credit allocation but also enhancing coordination between monetary and fiscal policies to ensure the smooth transmission of monetary measures.

Furthermore, the central bank is committed to the ongoing assessment, refinement, and optimization of these structural monetary policy instruments to ensure their effectiveness is fully realized.