Securities Times: Chinese regulators should continue to use targeted measures to manage the economy

Wang Yong, professor at the PBOC’s Zhengzhou training institute, writes in an article in Securities Times:

• Chinese regulators should continue to use targeted measures (eg. reserve ratio cuts at qualified banks that extend loans to small businesses or agriculture, interest rates decreases for relending) to manage the economy
• And to speed up bad assets write-offs by banks
• Regulators should moderately relax requirements on bad bank loans if there is a surge because of loan structure adjustments to support small businesses or agriculture