Central bank targets small, private firms

PBOC announces the injection of 267.4b yuan into banking system

China's central bank released more funds into the market, but in a more cautious way than expected, to guide capital into small and private companies instead of broadly easing monetary policy, according to a statement on Wednesday.

Policymakers would rather save the results of previous de-risking efforts than trigger a boom in property prices and expand debt, analysts commented. They said inflation risk is the concern at the moment, and measures should not overheat the economy.