The Chinese central bank is pulling out all the stops today! With this loose monetary policy, it looks like A-shares, precious metals, and $BTC are about to take off! Central Bank: There’s still room for further reserve requirement ratio (RRR) and interest rate cuts this year. Central Bank: Structural monetary policy tools’ interest rates will be lowered by 0.25 percentage points. Central Bank: The quota for agricultural and small business refinancing will be increased by 500 billion yuan, with a separate 1 trillion yuan quota for small and medium-sized private enterprises. Central Bank: The quota for technology innovation and technical transformation loans will be raised from 800 billion yuan to 1.2 trillion yuan. Central Bank: The minimum down payment ratio for commercial property loans will be reduced to 30%.