The People’s Bank of China, at a party committee meeting chaired by Governor Pan
Gongsheng, said it will maintain a moderately accomodative monetary stance and
use a range of policy tools to keep liquidity ample. It called for faster
development of a multi-tier modern financial market and stronger alignment of
finance with the real economy to support economic restructuring and shifts in
growth drivers, while effectively preventing and resolving financial risks in
key sectors. The PBOC also urged deeper financial opening, measures to promote
RMB internationalization and accelerated construction of a multi-channel,
broad-coverage RMB cross-border payments system, and said it will firmly
safeguard national financial security.
