Caixin OnlineFinance & EconomicsTop Stories Finance Central Bank Will Address Liquidity at Proper Time, Zhou Says
06.28.2013 14:41

Central Bank Will Address Liquidity at Proper Time, Zhou Says

PBOC head also says financial system is stable and bank will continue with prudent monetary policies
By staff reporters Wang Shenlu and Chen Fashan
A

(Shanghai) – The central bank will adjust liquidity at the proper time to ensure market stability, its governor, Zhou Xiaochuan, says.

The comments, made at the Lujiazui Financial Forum on June 28, come as a capital crunch has rattled China's financial system for weeks.

"On one hand, the central bank will guide financial institutions for reasonable credit issuance and asset arrangement to support structural adjustment and upgrading of the real economy," Zhou said. "On the other hand, it will adopt various instruments and measures to adjust market liquidity to ensure overall stability."

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