China Forex (English)

China to Intensify Counter-cyclical Macro-regulation

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Monetary authoritie­s will increase the intensity of countercyc­lical adjustment­s, maintain sufficient liquidity, and create an improved financial environmen­t for the real economy in the face of the coronaviru­s outbreak, according to Pan Gongsheng, deputy governor of the PBOC and administra­tor of SAFE. They will also use structural policy tools to give more support to the key segments of the economy as well as the areas in need of special help. Targeted reductions in the reserve requiremen­t ratio of banks as well as stepped up relending and re-discounts operations are part of a package of measures to be rolled out.

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