China’s monetary policy will be neutral and stable this year and extensive tools will be used to preserve liquidity in the banking system and promote reasonable growth in social funding, People’s Bank of China said Tuesday.
The reserve bank said it will enhance macro-prudential management of shadow banking and real estate funding.
The PBoC intends to improve the long-lasting system for web financial policy and danger prevention.
Further, the bank stated it will permit the markets to play bigger role in determining the exchange rate of renminbi.
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