-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
Central bank reaffirms prudent, neutral monetary policy
    2018-February-8  08:53    Shenzhen Daily

CHINA’S central bank said Tuesday it would improve the framework of regulation underpinned by monetary policy and macro-prudential policy in 2018.

The improvements will be made partly by stepping up supervision over shadow banking and real estate financing to fend off financial risks, the People’s Bank of China (PBOC) said on its website after concluding an internal work conference.

The central bank also said it would improve Internet financial regulation, stating that one of its main tasks for 2018 was to establish and improve a long-term mechanism for Internet financial regulation and risk prevention.

The PBOC will comprehensively use multiple monetary policy tools and realize reasonable growth in credit and social financing, the statement added.

The central bank also said it would maintain a prudent and neutral monetary policy, and direct more capital into key economic areas and weak links, such as rural vitalization and poverty relief.

More efforts will be made to improve the disposal of bond defaults, and unify rules on approval and information disclosure of corporate credit bond issuance.

The central bank also listed financial services in home rentals, the establishment and improvement of a long-term mechanism for supervising online finance, risk prevention, and the opening up of the bond market as important tasks this year.

Such a regulation, known as a “two-pillar” policy framework, was established in 2017 to better dissolve systemic risk and ensure financial stability. Under the system, liquidity has stabilized, cross-border capital flow more balanced and off-balance sheet wealth management products better supervised.

It is the second year that the Chinese Government has launched a deleveraging campaign to reduce financial risks rooted in a rapid build-up of debt and riskier types of financing, and is proceeding cautiously to avoid any sharp blows to economic growth.

(SD-Xinhua)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn