China's State Council has recommended implementing a moderately loose monetary policy to support economic recovery, as detailed in the "State Council Report on Financial Work" submitted to the Standing Committee of the 14th National People's Congress. The report highlights the stability of China's financial institutions and the improvement of the financial regulatory system. It outlines six key areas for future focus, including enhancing financial supervision, providing high-quality financial services, and deepening financial supply-side reforms. The report also emphasizes the importance of promoting the internationalization of the RMB in a steady and orderly manner. This includes enhancing the currency's international functions in pricing, payment, investment, and reserves. Additionally, the report stresses the need to prevent and resolve financial risks to maintain systemic stability.