On July 15, Zou Lan, deputy governor of the People's Bank of China, said at the press conference of the State Information Office that the People's Bank of China will consider changes in various factors in an integrated manner, rationally arrange the variety and scale of open market operations, sometimes return, sometimes launch, and ultimately maintain total liquidity at an appropriate level, thus promoting the smooth operation of short-term interest rates near policy interest rates. The amount of operations at a given time serves the needs of total liquidity regulation; it is not appropriate to judge the central bank's policy orientation based on the volume of operations at a time. Compared to the central bank's operating volume, the short-term market interest rate level is a more suitable observation indicator.

On July 15, Zou Lan, deputy governor of the People's Bank of China, said at the press conference of the State Information Office that the People's Bank of China will consider changes in various factors in an integrated manner, rationally arrange the variety and scale of open market operations, sometimes return, sometimes launch, and ultimately maintain total liquidity at an appropriate level, thus promoting the smooth operation of short-term interest rates near policy interest rates. The amount of operations at a given time serves the needs of total liquidity regulation; it is not appropriate to judge the central bank's policy orientation based on the volume of operations at a time. Compared to the central bank's operating volume, the short-term market interest rate level is a more suitable observation indicator.