The Chinese government has announced a series of measures aimed at improving the quality and efficiency of financial services, optimizing loan structures, and strengthening financial support for new productive forces and patient capital. The People's Bank of China (PBOC) will explore more policy tools to address stock market volatility and maintain financial market stability. Efforts will be made to broaden channels for foreign investors to invest in the domestic capital market and maintain the yuan exchange rate at a reasonable, balanced level. Additionally, China plans to cut hidden debt, boost loans to small companies and tech startups, support the rollout of swap facilities and stock buybacks, and boost loans for 'white list' housing initiatives. The PBOC will also enhance counter-cyclical measures and strengthen financial regulation to better address financial and debt risks of local government financing vehicles (LGFVs) and promote high-quality development.