PBOC says will ensure stable growth, risk prevention

A People’s Bank of China deputy governor:

  • Bank will coordinate relationship between short-term tasks and long-term
    goals, stable growth and risk prevention, and internal and external
  • Will support development of offshore yuan market
  • Will prompt trade and investment facilitation
  • will accelerate implementation and effectiveness of reledning facility for scient and tech innovation
  • Will support small- and medium-sized tech firms’ first-time loans
    and equipment upgrades in key areas with big efforts

  • Will establish and improve financial infrastructure, improve service
    capacity of yuan cross-border interbank payment system
  • Will strengthen the
    supervision of cross border yuan business
  • Will make financial
    markets more transparent, rule-based and predictable, and increase
    the liquidity yuan financial assets
  • Will support more
    foreign central banks, international development institutions and
    multinational enterprises in issuing panda bonds in China

This article was written by Eamonn Sheridan at www.forexlive.com. Source