August 11, 2018

BEIJING -- China's central bank has said that the country's prudent monetary policy will be kept neutral and be neither too tight nor too loose.

Focusing on the tasks of serving the real economy, containing financing risks and deepening financial reform, the People's Bank of China (PBOC) will find new ways of financial regulation, and maintain policy continuity and stability, according to a second-quarter report released by the PBOC.

The central bank will make policies more forward-looking, flexible and effective, maintain proper control over the floodgate of money supply and keep liquidity at a reasonable and abundant level, the report said.

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