PBOC Seen Increasing Support For Credit Expansion: Journal

The People’s Bank of China is likely to increase support for the real economy through stable growth of overall credit expansion and encouraging structural policy support to sectors including small businesses, green development, farming and innovation, the China Securities Journal said interpreting a statement following the central bank's Q1 Monetary Policy Committee meeting. The central bank is also likely to keep ample liquidity with cuts to interest rates or reserve requirement ratios remaining possible, the newspaper said. The PBOC also reiterated policy support for meeting reasonable housing purchases and healthy real estate development, which could help the property market recover, said the newspaper.