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Economy

PBOC to provide targeted liquidity support to small and medium banks

June 10, 2019


Abstract : China's central bank The People's Bank of China (PBOC) announced recently that it will use various monetary and policy tools to keep ample liquidity in financial market and provide targeted liquidity support to small and medium-sized banks.

BEIJING, June 10 (Xinhua) --China's central bank The People's Bank of China (PBOC) announced recently that it will use various monetary and policy tools to keep ample liquidity in financial market and provide targeted liquidity support to small and medium-sized banks.

PBOC made the above statement in a meeting hosted by The Financial Stability and Development Committee, with attendance of China Development Bank, state-owned commercial banks and joint-stock banks.

Fluctuations occurred in China's interbank market in the past few days have eased, and the scale of interbank business carried out by other small and medium-sized banks will remain stable, said participating banks.

Besides, China Banking and Insurance Regulatory Commission and China Securities Regulatory Commission stressed that they will monitor market operations and deal with behaviors that disrupt market order.

(Edited by Bao Nuomin, baonuomin@xinhua.org)

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Keyword: PBOC

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