On May 9, the People's Bank of China, the country's central bank, pointed out in a statement that in the next stage, China will further enhance the stability of the macroeconomic market. Zhu Haibin, chief China economist at J.P. Morgan, said this is a necessary step to help maintain reasonable and abundant liquidity. Also, he believes that a series of monetary policies by the central bank have boosted the confidence of small and medium-sized enterprises (SMEs) to meet the challenges brought by COVID-19 pandemic.