TechFlow news, on September 24, according to Jinshi Data, Pan Gongsheng, Governor of the People's Bank of China, announced a reduction in the reserve requirement ratio and policy interest rates during a press conference held by the State Council Information Office. A reserve requirement ratio cut of 0.5 percentage points will be implemented soon, releasing 1 trillion yuan in long-term liquidity. Another cut of 0.25–0.5 percentage points may be carried out opportunistically before the end of the year. Meanwhile, the central bank's policy interest rate will be lowered, with the seven-day reverse repo operation rate reduced by 0.2 percentage points, guiding the Loan Prime Rate (LPR) to decline accordingly.
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