China Forex (English)
China to Intensify Counter-cyclical Macro-regulation
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.