China To Maintain Continuity In Monetary Policies: Daily

China is likely to maintain its current monetary policies into next year, while any withdrawal of pandemic-era stimulus will be done gradually, the Economic Information Daily reported, following the Central Economic Work Conference. China will maintain the stability of the yuan by aligning market rates to the PBOC's moves. China may offer refinancing to micro and small businesses, ensure stable capital flows and prevent policy mismatch, the newspaper said, citing Wen Bin, a researcher from China Minsheng Bank. The PBOC may continue to maintain liquidity through OMO/MLF operations with targeted RRR cuts to manufacturing and microlending to medium enterprises, the newspaper said, citing Tang Jianwei, a researcher with Bank of Communications.