Lu Lei: The central bank will improve the reserve requirement system and flexibly carry out open market operations

Vice Governor of the People's Bank of China, Lu Lei, stated that during the 15th Five Year Plan period, the People's Bank of China will improve the mechanism for releasing base currency, perfect the reserve requirement system, flexibly and accurately carry out open market operations, improve the mechanism for forming, regulating, and transmitting market-oriented interest rates, enhance the guiding role of policy interest rates, and guide short-term money market interest rates to operate smoothly around policy interest rates.