China's central bank pledges appropriate liquidity
2014-02-10 10:26:57
The People's Bank of China said it will use all tools including the reserve requirement ratio to ensure appropriate liquidity in the banking system.
In a quarterly monetary policy report, released Saturday, the PBoC said it will strengthen oversight of local government debt and monitor credit default dangers in local-government financing vehicles.
The central bank also said it will keep a close eye on industries facing overcapacity and risky lending to the property sector.
Further, it will continue to supervise wealth management products of banks and inter-bank businesses, the PBoC said.