According to CoinMeta, the People's Bank of China held a work conference for the second half of 2026, during which it was proposed to continue implementing a moderately loose monetary policy. The central bank comprehensively uses tools such as reverse repurchase agreements, medium-term lending facilities, and the buying and selling of government bonds to maintain ample liquidity and guide financial institutions to support financing for the real economy. The central bank has improved the regulation mechanism for short-term interest rates, added varieties of overnight reverse repurchase operations, and narrowed the interest rate range for temporary overnight positive/reverse repurchase operations. The central bank urges financial institutions to clearly disclose the comprehensive financing costs of loans to keep the overall social financing costs at a low level. At the end of June, the scale of social financing increased by 7.4% year-on-year, and the broad money supply increased by 8.0% year-on-year. The RMB exchange rate is determined by the market and maintains two-way fluctuations.