Free Trial

MNI BRIEF: No Early Exit From Policy Support: PBOC Yi

The People's Bank of China will not quit supportive policy too early and will keep its monetary policy consistent and stable, Governor Yi Gang said Tuesday at a World Economic Forum event. China's GDP growth rate will return to the normal range this year, which in line with expectations, Yi told the virtual meeting.

In response to the question of whether Alibaba's financial arm, Ant Finance, would resume the public offering, Yi indicated that it would "be back on track" as long as the problem is solved and handled under the legal framework and procedures with extensive consultations with society.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.