(7 May 2025) RESTRICTIONS SUMMARY: ASSOCIATED PRESS Beijing - 7 May 2025 1. Wide of the news conference 2. Mid of reporters 3. Mid of officials at the podium 4. SOUNDBITE (Mandarin) Pan Gongsheng, Governor of the People’s Bank of China: “This time we are cutting the reserve requirement ratio by 0.5%, which will provide long-term liquidity of about 1 trillion yuan to the financial markets. By cutting the reserve requirement ratio, we will be able to optimize the structure of the liquidity