4 trillion liquidity. The central bank lowered RRR by 2 points and released 4 trillion liquidity for a long time! In order to improve the ability of financial institutions to use foreign exchange funds, the People's Bank of China decided to reduce the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points from September 15, 2022, that is, the foreign exchange deposit reserve ratio was reduced from the current 8% to 6%. This is also the second reduction in the foreign exchange reserve ratio in 2022.