<p>Goldman Sachs pointed out in its latest research report that following the recent easing of monetary policy by the People's Bank of China, it is expected that the policy will be further relaxed for the remaining time this year and next year. &#34;We expect the reserve requirement ratio to be lowered by another 25 basis points in the fourth quarter. If the Federal Reserve is more aggressive than our benchmark in lowering policy rates in the coming months, this will create greater room for the People's Bank of China to lower policy rates. For 2025, we now expect two 25 basis points cuts in the reserve requirement ratio and two 20 basis points cuts in policy rates,&#34; Goldman Sachs stated</p>

<p>Goldman Sachs expects that following the relaxation of monetary policy by the People's Bank of China, the reserve requirement ratio in the fourth quarter will be lowered by 25 basis points, and further policy easing is predicted in the future. Goldman Sachs points out that if the Federal Reserve is more proactive in lowering policy rates in the coming months, it will create greater room for the People's Bank of China to lower rates. For 2025, Goldman Sachs forecasts two reductions of 25 basis points each in the reserve requirement ratio and two reductions of 20 basis points each in policy rates</p>

Goldman Sachs: Expected to cut the reserve requirement ratio by another 25 basis points in the fourth quarter