China Banking Regulatory Commission statement released ahead of a briefing in Beijing (due at 0200 GMT)
- Says the government will maintain its official “prudent” monetary policy stance
- Credit and total social finance growth will be kept at a “reasonable” pace
- Various monetary policy tools, including open market operations and the reserve requirement ratio, will be used to strengthen liquidity regulation and maintain overall market stability
- Repeated that lending will be controlled for sectors in overcapacity and local government finance vehicles
Headlines via MNI
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Nothing new in the statement
