The People's Bank of China's Q2 2025 Monetary Policy Implementation Report, released on August 15, states it will continue a moderately loose monetary policy with abundant liquidity. The policy aims to align credit and money supply growth with economic and inflation targets, maintain price stability, and manage a floating exchange rate based on market conditions. The PBoC will work to enhance forex market resilience, stabilize expectations, and avoid excessive currency fluctuations. It also plans to balance short- and long-term goals, support the real economy, safeguard the banking system, and stabilize employment, businesses, markets, and expectations to meet annual development objectives and conclude the 14th Five-Year Plan successfully.