美联储主席沃什：资产负债表应尽可能小，这样在危机时可以扩张。

NBS deputy director Mao Shengyong said 1H data show policy effects emerging and positive shifts in the property market: new-home prices in first‑tier cities rose MoM for four consecutive months; nationwide unsold floor area fell for four consecutive months, signalling ongoing inventory reduction; resale transactions have become a major share of residential sales; and market expectations have improved, with post‑Spring Festival expectations for new and resale prices turning more positive. He said authorities will continue targeted, city‑specific measures to control new supply, cut inventory and improve supply quality to support a stable, healthy property market.

Fed's Williams said the balance sheet has entered a stable operating mode.