China to maintain stable liquidity as reform moves forward

BEIJING (Reuters) - China will maintain a monetary policy that is "neither too tight or too loose", ensuring basically stable liquidity, a senior central banker told a financial conference in Beijing on Saturday.

Chen Yulu, deputy governor at the People's Bank of China (PBOC), also said that economic structural reform would play an increasingly important role in the government's policy toolkit, according to domestic media reports of his comments.

Chen's remarks echo statements made by the central bank and its advisers in recent months. In its first-quarter monetary policy implementation report released in May, the PBOC said it would maintain a prudent and neutral monetary policy and keep liquidity basically stable.

PBOC adviser Sheng Songcheng was also quoted by a local financial magazine last month saying the central bank would not excessively adjust monetary policy..

Chen said the central bank would continue to manage aggregate demand as part of the country's ongoing supply-side reform.

He also warned companies about stepping blindly into financial activities and sticking to their core businesses.

(Reporting by Matthew Miller and Min Zhang; Editing by Jacqueline Wong)

Related News

German imports soar in January, current account surplus shrinks

Mar 10, 2017

US-GERMANY-ECONOMY-TRADE:German imports soar in January, current account surplus shrinks

France's far-left Melenchon uses hologram to spread election message

Feb 5, 2017

US-FRANCE-ELECTION:France's far-left Melenchon uses hologram to spread election message

Netanyahu's far-right allies hail U.S. shift on 'two states'

Feb 16, 2017

US-USA-TRUMP-ISRAEL-POLITICS:Netanyahu's far-right allies hail U.S. shift on 'two states'

You may also like these

German imports soar in January, current account surplus shrinks

Mar 10, 2017

US-GERMANY-ECONOMY-TRADE:German imports soar in January, current account surplus shrinks

France's far-left Melenchon uses hologram to spread election message

Feb 5, 2017

US-FRANCE-ELECTION:France's far-left Melenchon uses hologram to spread election message

Netanyahu's far-right allies hail U.S. shift on 'two states'

Feb 16, 2017

US-USA-TRUMP-ISRAEL-POLITICS:Netanyahu's far-right allies hail U.S. shift on 'two states'

Search
Financial Markets

About Us

The Morning Herald is a fast news provider in the United States since 2005. Fiercely independent and armed with irreverent intelligence, there’s no other place to get your news other than The Morning Herald.

Contact us: sales@themorningherald.com