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在线翻译:
szdaily -> Business
Central bank to maintain policy ensuring liquidity
    2017-May-15  08:53    Shenzhen Daily

    THE central bank said Friday it will maintain a prudent and neutral monetary policy and keep liquidity basically stable, reinforcing its intent to dampen speculative investment while keeping the economy adequately funded.

    The People’s Bank of China said it will also strengthen oversight to prevent risks in shadow banking, including asset management products, according to its first-quarter monetary policy implementation report.

    The central bank said it will continue to push for deleveraging to fend off financial risks, but with appropriate “speed and rhythm” to stabilize market expectations.

    It pledged to provide necessary liquidity support for “reasonable growth of credit” — a potential response to market fears of a liquidity squeeze.

    Indeed, the central bank showed its willingness to provide longer-term credit into the market Friday as it moved to inject fresh funds through a medium-term lending facility.

    China’s top leadership has identified curtailing financial risks as a top priority this year. Regulators have stepped up efforts to clamp down on irregularities and to close potential loopholes, with China’s fast-growing US$7.7 trillion shadow banking sector in regulatory focus.

    The central bank also said it will restrict credit flowing into speculative housing purchases, as China continues its battle against dangerous price bubbles in the biggest cities.

    China’s banking regulator also said Friday it is paying special attention to real estate loans to small and medium-sized developers, and lending in smaller cities, amid worries of property-related financial risks.

    Official data Friday showed China’s banks unexpectedly extended more credit in April than in the previous month, but household loans fell in a sign authorities are walking a tight rope as they try to tamp down debt risks without throttling the economy.(SD-Agencies)

 

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