Regarding the implementation of future monetary policy, Wang Qing, the chief macro-manager of Dongfang Jincheng, predicts that, combined with the current economic and financial situation and monetary policy direction, the possibility that the central bank will announce a new round of downgrades in January 2026 will not be ruled out. The downgrade may be 0.5 percentage points, which is expected to release about 1 trillion yuan of long-term liquidity to the market. This move will not only help support the pace of bank credit investment at the beginning of next year, but also take into account liquidity arrangements around the Spring Festival and further release a signal of strengthening the steady growth policy.

Regarding the implementation of future monetary policy, Wang Qing, the chief macro-manager of Dongfang Jincheng, predicts that, combined with the current economic and financial situation and monetary policy direction, the possibility that the central bank will announce a new round of downgrades in January 2026 will not be ruled out. The downgrade may be 0.5 percentage points, which is expected to release about 1 trillion yuan of long-term liquidity to the market. This move will not only help support the pace of bank credit investment at the beginning of next year, but also take into account liquidity arrangements around the Spring Festival and further release a signal of strengthening the steady growth policy.