PBOC Vice Governor: China’s monetary policy will stabilize economic growth, jobs and prices

“China’s monetary policy will stabilize economic growth, employment and prices,” the People’s Bank of China’s (PBOC) Vice Governor said on Thursday.

Additional comments

Will use various policy tools to step up liquidity injections to maintain ample liquidity.

Will require financial institutions to maintain prudence in operations, control risks.

Relatively stable returns on yuan assets will help attract foreign investment.

Will strengthen the implementation on prudent monetary policy, aim for appropriate front loading.