BEIJING/SHANGHAI (Reuters) – China’s central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets.
The People’s Bank of China (PBOC) said in a statement on its website on Friday that it urged participants to boost credit support for the real economy, and maintain reasonable growth in the total amount of money and credit.
It also urged solid implementation of interest rate adjustments, as well as two funding schemes created to support the stock market.
China’s banking and securities regulators also chaired the meeting, and participants included banks, brokerages and fund companies.
(Reporting by Shanghai and Beijing newsroom; Editing by Christian Schmollinger)