CHINA PBOC vows to keep money and credit growth stable

CHINA

PBOC vows to keep money and credit growth stable

CGTN

07:29, August 02, 2022

China's central bank vowed on Monday that it would maintain stable money and credit growth while forestalling financial risks in lenders, according to a statement from a conference planning for the second half of this year.

People's Bank of China in Beijing, April 13, 2022./CFP

The People's Bank of China (PBOC) said it would keep liquidity reasonably ample with multiple monetary tools and provide more financial support to small- and micro-sized private enterprises.

The central bank also pledged to forestall financial risks in small- and medium-sized banks. It also said it would maintain stable financial channels for the real estate sector and require platform companies to complete regulatory rectification.

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