Tuesday China’s central bank announced its plan to maintain a prudent and neutral monetary policy in 2018, reports Reuters, keeping stable liquidity.
The People’s Bank of China (PBOC) also said it has aims with regards to real-estate financing and financial regulation. It announced on its website that to “establish and improve a long-term mechanism for internet financial regulation and risk prevention” was a key policy for the coming year.
The statement added that the PBOC will use multiple monetary policy tools to fend off any systemic financial risks to the yuan’s stability, and also achieve reasonable growth in credit and social financing.
Beijing is trying to strike a balance between releasing the large build-up of debt in the economy, and allowing growth to remain unhindered.