PBOC Seen Giving Strong Signal for Looser Credit: Journal

The People's Bank of China has sent stronger signals for loosening credit with another round of RRR cut very likely, the China Securities Journal said citing analysts. The central bank, jointly with five other agencies, urged more financial support for rural revival and poverty alleviation, which is another sector to receive loose credit after innovation, manufacturing, green development and SMEs, the newspaper said. A loose-credit environment is being solidified and structural policy tools are expected to lead, the journal said. However, policies are likely to remain tight for local government financing vehicles and the property industry, said the newspaper.