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 in terms of quantity, the People's Bank of China's toolbox is very rich, including deposit reserves, reverse repurchases, medium-term loan facilitation, treasury bond trading, etc. The downgrade mainly focuses on investing in long-term liquidity, while reverse repurchases and medium-term lending facilities focus on investing in short- and medium-term liquidity. The central bank will select and rationally match these tools according to liquidity management needs.

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 in terms of quantity, the People's Bank of China's toolbox is very rich, including deposit reserves, reverse repurchases, medium-term loan facilitation, treasury bond trading, etc. The downgrade mainly focuses on investing in long-term liquidity, while reverse repurchases and medium-term lending facilities focus on investing in short- and medium-term liquidity. The central bank will select and rationally match these tools according to liquidity management needs.