The State Council Information Office held a press conference this morning. The main heads of the People's Bank of China, the State Administration of Financial Supervision and the China Securities Supervision Commission introduced the relevant situation of financial support for high-quality economic development. A number of heavy-handed policies were launched at the same time to increase the intensity of monetary policy control and further support stable economic growth. At the press conference, the People's Bank of China announced that it will cut the deposit reserve ratio by 0.5 percentage points in the near future to provide long-term liquidity to financial marekt of about 1 trillion yuan.