The chief economist of CITIC Securities clearly stated that the deposit center was relatively stable in mid-late July, which may indicate that the long-term debt pressure on commercial banks was steady. This month, the central bank made positive statements about the comprehensive application of various monetary policy tools based on actual demand, and the broad-based adjustment system continued. Following the upward pressure on government bond supply in the third quarter, it is expected that the main monetary policy tool will continue to maintain easing.

The chief economist of CITIC Securities clearly stated that the deposit center was relatively stable in mid-late July, which may indicate that the long-term debt pressure on commercial banks was steady. This month, the central bank made positive statements about the comprehensive application of various monetary policy tools based on actual demand, and the broad-based adjustment system continued. Following the upward pressure on government bond supply in the third quarter, it is expected that the main monetary policy tool will continue to maintain easing.