• China's government will maintain ample liquidity in banking system

Market news

22 August 2016

China's government will maintain ample liquidity in banking system

  • will support commercial banks to replenish capital

  • government to push forward with reform of fiscal, financial mechanisms in an orderly manner

  • will maintain appropriate monetary and financial environment

  • will encourage qualified firms to issue local and foreign ccy bonds overseas

  • aims to reduce tax burden on firms by more than 500bln yuan per year in next 1-2 years

  • will strengthen anti-monopoly, IPR regulations

*via forexlive
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