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Invesco's global market strategist in the Asia-Pacific region (excluding Japan), Zhao Yaoting, stated that China has introduced multiple stimulus policies today, believing that these stimulus measures can directly drive the Chinese economy back to the target level of 5% growth. The most important rate cut is aimed at existing home loans. People's Bank of China Governor Pan Gongsheng stated that the rate cut for existing home loans is expected to reduce interest payments by 150 billion yuan, thereby stimulating consumption and investment. Looking ahead, he mentioned that there may be a need to significantly introduce more stimulus policies in both supply and demand aspects to change market sentiment and boost the economy. The Chinese government is very likely to soon introduce fiscal support policies.