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PBOC Pledges To Keep Loan Growth Stable In H2

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will maintain stable and moderate growth of money and credit, and use multiple monetary tools to keep liquidity reasonably ample, according to a statement on the PBOC website following its work meeting for the second half of 2022. The central bank will keep financing for the real estate sector stable via channels, including loans and bonds, prevent and defuse risks of small and medium-sized banks, as well as urge Internet platforms to fully complete rectification, the statement said. It will also keep the yuan basically stable at a balanced level, according to the statement.

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