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China central bank to improve policy toolkit to maintain financial stability
April 13, 2017 / 11:37 AM / 7 months ago

China central bank to improve policy toolkit to maintain financial stability

BEIJING (Reuters) - China’s central bank will improve its policy toolkit this year in order to maintain financial stability, the People’s Bank of China’s (PBOC) said on its website on Thursday.

FILE PHOTO: A woman walks out of the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing November 20, 2013. REUTERS/Jason Lee/File Photo

The PBOC will also focus on preventing cross-sector, cross-market financial risks, central bank vice governor Fan Yifei said at an internal meeting.

China’s central bank resumed injections into the money market after a near three-week absence, in an apparent bid to ease fears of a cash crunch in the financial system following massive drains from maturing debt instruments.

Reporting by Kevin Yao and Beijing Monitoring Desk; Editing by Clarence Fernandez

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