[Central Bank: It is recommended to increase the intensity of monetary policy regulation and improve the forward-looking, targeted and effective monetary policy regulation] Golden Finance reported that the Monetary Policy Committee of the People's Bank of China held a regular meeting in the fourth quarter of 2024. The meeting studied the main ideas of monetary policy in the next stage, and suggested increasing the intensity of monetary policy regulation, improving the forward-looking, targeted and effective monetary policy regulation, and choosing the right time to reduce the reserve requirement ratio and interest rate according to the domestic and international economic and financial situation and the operation of financial markets. Maintain ample liquidity, guide financial institutions to increase monetary credit supply, and match the growth of social financing scale and money supply with the expected targets of economic growth and overall price level. Strengthen the guidance of the central bank's policy interest rate, improve the transmission mechanism of market-oriented interest rate formation, give play to the role of the market interest rate pricing self-discipline mechanism, strengthen the implementation of interest rate policy, and promote the steady decline of corporate financing and resident credit costs. Enrich and improve the monetary policy toolbox, carry out treasury bond trading, and pay attention to changes in long-term yields. Smooth the monetary policy transmission mechanism, improve the efficiency of fund use, and prevent idle funds. Enhance the resilience of the foreign exchange market, stabilize market expectations, strengthen market management, resolutely deal with behaviors that disrupt market order, resolutely prevent the formation of unilateral consistent expectations and self-realization, resolutely prevent the risk of exchange rate overshoot, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.