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China to continue with prudent monetary policy

Xinhua, November 6, 2015 Adjust font size:

China will continue with prudent monetary policies, a central bank report said on Friday.

The central bank will maintain continuity and stability of policies and carry out preemptive tuning and fine tuning, said the report on the execution of monetary policies in the third quarter.

On the one hand, the central bank will guard against slumping monetary demand amid restructuring and on the other hand too much liquidity should not be pumped into the market, it said.

Lending and social financing will grow in a reasonable way with the help of monetary policy tools, it said.

Monetary policies should be channeled to the real economy more efficiently with the help of the adjustment functions of prices, according to the report.

Comprehensive measures will be taken to keep financial stability and guard against systemic and regional financial risks, it said.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.1 percent year on year to 135.98 trillion yuan (22.29 trillion U.S. dollars) at the end of September. The pace was faster than 12.2 percent at the end of last year. Endi