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PBOC Should Keep Liquidity Ample as Other Economies Tighten: Yicai

CHINA PRESS
MNI (Singapore)

The People's Bank of China should continue to implement prudent monetary policies with sufficient liquidity and structural monetary tools while monitoring the impact of possible monetary tightening in Europe and the U.S., Yicai.com reported citing Wang Xin, the director-general of PBOC's Research Bureau. The central bank can also create favorable liquidity for special bond issuance aiming to replenish banks' capital, Wang was cited as saying. The PBOC can better promote social investment in low-carbon transformation and green industries to create more job opportunities and vigorously develop green financial products such as green municipal bonds, Wang was cited as saying by the newspaper.

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