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.