China to Maintain Targeted Monetary Policy Approach: Times

China will employ targeted policies tools as it maintains the continuity of monetary policies and the stability of yuan, the Securities Times reported citing the Q4 meeting of the PBOC monetary policy committee held on Dec. 25. The meeting stressed financial support for technology innovation to help reduce foreign reliance, the newspaper reported citing Ming Ming, the deputy director of CITIC Securities Research Institute. China may not cut policy rates in the short term as the meeting minutes focused on consolidating the reduction of real interest rate on loans, the newspaper said. The committee urged companies and banks to beware of risks and emphasized stable expectations for the yuan following its surge in recent months, according to the report.