Reuters logo
China central bank to maintain prudent monetary policy, eyes on shadow banking risks
May 12, 2017 / 12:32 PM / 6 months ago

China central bank to maintain prudent monetary policy, eyes on shadow banking risks

BEIJING (Reuters) - China’s central bank said on Friday that it will maintain a prudent and neutral monetary policy and keep liquidity basically stable.

FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic/File Photo

China will also strengthen oversight to prevent risks in the shadow banking category, including asset management products, the People’s Bank of China (PBOC) said in its first-quarter monetary policy implementation report.

The PBOC said it will provide necessary liquidity support for “reasonable growth of credit” but will control the increase in non-performing loans and restrict credit flowing into speculative housing purchases.

Reporting by Yawen Chen and Josephine Mason; Editing by Nick Macfie

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below