BEIJING — The People’s Bank of China pledged to implement a prudent and precise monetary policy on Wednesday.
The People’s Bank of China stated that it would maintain reasonable and sufficient liquidity in the financial system through various monetary policy tools such as open market operations.
The People’s Bank of China stated it would strengthen implementing a prudent monetary policy to keep the broad money supply M2, including cash in circulation and all deposits. The social financing scale is basically in sync with the nominal economic growth rate. Grow.
The central bank will increase support for significant projects such as consumption and critical infrastructure construction and private small and micro enterprises.
The People’s Bank of China stated that it would focus on defusing risks in the real estate industry, platform companies, backbone companies and small and medium-sized financial institutions to ensure stable and healthy financial operations.
Sources: https://www.chinadaily.com.cn/
