🌹September 29 News Highlights $BTC 1. The Monetary Policy Committee of the People's Bank of China held its quarterly meeting for the third quarter of 2025. The meeting discussed the main ideas for the next phase of monetary policy, recommending strengthening monetary policy regulation and enhancing foresight, relevance, and effectiveness. The meeting pointed out the need to make good use of the convenience of securities, funds, and insurance company swaps and stock repurchase increases in relending, exploring normalized institutional arrangements to maintain stability in the capital market. 2. Zhang Yuzhuo, Director of the State-owned Assets Supervision and Administration Commission, hosted a symposium on the economic operation of some state-owned enterprises on September 25, to understand the economic operation status of enterprises, the difficulties and challenges faced, focusing on stabilizing electricity prices, stabilizing coal prices, and preventing "involution-style" vicious competition, and listening to the opinions and suggestions of enterprises. Zhang Yuzhuo emphasized the need to lead the firm resistance against "involution-style" competition and firmly follow a differentiated development and brand competition strategy.
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