In a recently published statement, China’s State Council reiterated that they will maintain a prudent monetary policy and will fine-tune it in a “pre-emptive way.” Below are some key takeaways, as reported by Reuters.
“Will roll out measures to cut financing costs for smaller firms.”
“Will keep liquidity reasonably ample-china state media.”
“Will deepen market-based interest rate reform-china state media.”
“Will improve commercial banks’ lending rate pricing mechanism.”
“Bond issuance by financial institutions to make loans for smaller firms to rise significantly this year-china state media.”
“Will ensure significant increase in credit to manufacturing sector this year.”
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