[Deputy Governor of the Central Bank, Lu Lei: The Central Bank will improve the reserve requirement system and conduct more flexible and precise open market operations] At a press conference held by the State Council Information Office, Lu Lei, Deputy Governor of the People's Bank of China, stated that during the '15th Five-Year Plan' period, the People's Bank of China will continue to enhance the basic monetary issuance mechanism, improve the reserve requirement system, conduct more flexible and precise open market operations, continuously refine the market-based interest rate formation, regulation, and transmission mechanism, strengthen the guiding role of policy rates, and guide short-term money market rates to operate more smoothly around policy rates.