Liquidity easing in the pipeline for 2019

Central bank lowers credit evaluation standards for financial institutions

China is taking further steps to improve capital injection channels, through easing liquidity and encouraging credit especially for small and micro companies, to spur the economy in the first quarter.

Additional liquidity easing in the financial system, expected by many analysts, will also support local governments' 2019 financing plans, which mainly rely on a speeding up of bond issuance.