PBOC: Adopt easy-money policy; further stimulate economy and .domestic demands Go back »

2008-11-13 | All chapters

PBOC: Adopts easy-poly policy in order to further stimulate economy and .domestic demands

l          Guarantee abundant liquidity into the financial system and provide necessary help to financial institutions.

l          Maintain suitable increase of currency credit and enhance support for credits. Cancel credit restriction on commercial banks.

l          Optimize the credit structure. The principle of dealing with different sectors individually and expanding some of them while contracting others. Encourage long term funding in RMB export credits.

l          Further develop financing function of securities market. Set platform for proactive fiscal measures, and adopt easy-money policy. Encourage non-financial institutions’ debt financing vehicles.

l          Reform on PBOC’s financial services.

For full text in Chinese please click

http://www.pbc.gov.cn/detail.asp?col=100&id=2914