PBOC says will ensure stable growth, risk prevention

A People’s Bank of China
deputy governor:

• Bank will coordinate relationship between short-term tasks and long-term
  goals, stable growth and risk prevention, and internal and external
  balances
• Will support development of offshore yuan market
• Will prompt trade and investment facilitation
• will accelerate implementation and effectiveness of reledning facility for scient and tech innovation

• Will support small- and medium-sized tech firms’ first-time loans
  and equipment upgrades in key areas with big efforts

• Will establish and improve financial infrastructure, improve service
  capacity of yuan cross-border interbank payment system
• Will strengthen the
  supervision of cross border yuan business
• Will make financial
  markets more transparent, rule-based and predictable, and increase
  the liquidity yuan financial assets
• Will support more
  foreign central banks, international development institutions and
  multinational enterprises in issuing panda bonds in China

This article was written by Eamonn Sheridan at www.forexlive.com.