Since Q2 2020, China’s major macroeconomic indicators have displayed favorable signs of recovery. In H2 2020, we will continue to keep liquidity adequate at a reasonable level through monetary policies, which is expected to bring about expansion in RMB loans by nearly RMB20 trillion and growth in AFRE by over RMB30 trillion throughout the year.
Second, by advancing the market-based interest rate reform, we guided a continuous decline of market rates and promoted the financial sector to reasonably mark down profits to support enterprises, in an attempt to alleviate high financing costs.