Central bank taking steps for a multi-level capital market

China's central bank will take further steps to encourage equity financing and facilitate capital market reforms to diversify financing services in the banking sector, a senior official said on Tuesday.

In response to a top-level financial development plan issued last week, Pan Gongsheng, deputy governor of the People's Bank of China, said the key issue of supply-side reform in the financial sector is to improve the financing structure and let the multi-level capital market play a more significant role.

"The prudent monetary policy will continue to provide a proper monetary and financing environment for financial supply-side reform and high-quality development," Pan said during an interview with China Central Television.