[Report on the Financial Work Situation by the State Council: Implement and Refine a Moderately Loose Monetary Policy] According to China News Service, the 'Report on the Financial Work Situation by the State Council' was submitted on the 26th to the Standing Committee of the 14th National People's Congress for review. The report pointed out that the operational and regulatory indicators of Chinese financial institutions remain within a reasonable range. The financial regulatory system has been further improved. High-level financial opening-up to the outside world has been steadily expanded. International financial cooperation continues to deepen, and the ability to safeguard national financial security has been continuously enhanced. Regarding the considerations for the next steps, the report proposed six aspects: implementing and refining a moderately loose monetary policy to create a suitable monetary and financial environment for consolidating and expanding the momentum of economic recovery; further strengthening and improving financial regulation to continuously enhance regulatory quality and effectiveness; focusing on key directions for financial services to the real economy and striving to provide high-quality financial services; continuously deepening structural reforms on the supply side of finance; promoting high-level two-way financial opening-up to safeguard national financial security; and preventing and resolving financial risks in key areas to ensure that systemic financial risks do not occur. Among these, regarding the promotion of high-level two-way financial opening-up, the report stated that the internationalization of the RMB will be advanced steadily and prudently, and the international monetary functions of the RMB in pricing, payment, investment and financing, and reserves will be comprehensively enhanced.