PBOC to continue implementing prudent, neutral monetary policy

Updated 2018-05-12 02:41:03 Xinhua

China's central bank said Friday that it will properly implement the prudent and neutral monetary policy to create a moderate financial environment for supply-side structural reform and high-quality development.

The People's Bank of China (PBOC) will find new ways for financial regulation, maintain policy continuity and stability, attach importance to guiding expectations, and keep liquidity at a reasonable level, according to the quarterly report released by the PBOC.

The PBOC will also push forward market-oriented reform for interest rates and exchange rates, improve its ability of regulating interest rates, make exchange rates more market-based, and keep the yuan's exchange rates generally stable at a reasonable level around the equilibrium.

Efforts will also be made on financial reform and opening up, develop inclusive finance, and allow finance to play a larger role in serving the real economy, supporting innovation and nurturing new sources of growth, the report said.

The PBOC will also enhance financial supervision and coordination in the campaign against major financial risks to forestall systemic financial risks, according to the report.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58May 22 2018 12:12:51

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16May 22 2018 12:12:51

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18May 22 2018 12:12:51

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords