Home / Business / Finance

China to keep monetary policy prudent, neutral

Xinhua | Updated: 2017-01-07 13:45

BEIJING - China's monetary policy will be kept prudent and neutral in 2017, said a central bank statement issued Friday, echoing the tone set at the Central Economic Work Conference.

In the statement issued after a work conference, the People's Bank of China also promised better adjustments of the monetary floodgates to ensure stable liquidity.

Financial services should accommodate the need to advance supply-side structural reforms, while strengthening support for national strategies such as capacity cuts, industrial restructuring and Beijing-Tianjin-Hebei Coordinated Development, the central bank said.

The bank also said it would deepen financial system reforms, and improve policies and other conditions for the internationalization of the RMB while guarding against financial risks.

China will continue reform of the foreign exchange management system, further participate in global financial governance, and improve financial services and management, according to the statement.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349