PBOC will stick with its prudent measures

Improvement in credit structure shows monetary policy benefits

The central bank will continue to implement prudent monetary policy and to ensure credit grows at a proper pace, after data released on Friday showed improvement of the credit structure.

"A smooth declining trend of money supply reflects the central bank's intention to maintain a prudent monetary policy and to strengthen supervision to financial institutions, especially to banks' highly leveraged activities," said Ruan Jianhong, head of the Statistics and Analysis Department at the People's Bank of China.