More from People’s Bank of China Governor Pan Gongsheng:
-
Will resolutely guard against overshooting risks of yuan exchange
rate - Will resolutely deal
with behaviors that disrupt market order - Will prevent the
formation of one-sided and self-reinforced market expectations
And:
-
Spillover effect of property market adjustments on the financial
system are generally manageable - Will guide financial
institutions to keep stable financing channels open through property
credit, bonds0 - Some provinces are
making plans to resolve risks of small and mid-sized banks - Supports lgfvs to
become market-oriented firms which do not rely on govt credit, and
are financially independent and sustainable - The central bank
will provide emerging liquidity support to areas with relatively high
debt burdens when necessary - Will strictly
control new govt-invested projects in areas with high debt burdens - Will guide financial
institutions to resolve debt risks through debt extension and
replacementmore to come
Earlier remarks:
CNH rising:
This article was written by Eamonn Sheridan at www.forexlive.com. Source