“Interest rate tools and the required reserve ratio will be used to maintain sufficient liquidity,” People’s Bank of China (PBOC) Governor Pan Gongsheng said on Monday.
Additional comments
Reaffirms China’s plans to increase the fiscal deficit.
China will remain a driving force for the global economy.
Policy focus should shift towards investment and consumption.
Challenges remain in China’s economic development.
Emphasis will be placed on enhancing the population’s consumer demand.
China’s real estate market reaches a new equilibrium.
It will significantly increase China’s national foreign exchange reserve allocation in Hong Kong.
We will support the Hong Kong Monetary Authority to use exchange funds to replenish the offshore RMB market.
