PBOC to maintain prudent policy
Source: Xinhua |
June 4, 2011, Saturday
|
Print Edition
Print Edition
THE People's Bank of China yesterday reiterated it would continue to implement a prudent monetary policy this year.
The central bank will measure the financial sector's support for the country's economy by the indicator - total social financing, it said in an abstract of 2011 China Financial Stability Report posted on its website yesterday.
Total social financing includes all funds raised by entities in the real economy during a certain period of time, such as loans of local and foreign currencies, entrusted loans, trust loans, bank acceptance bills, corporate bonds, equity financing, foreign direct investment and foreign debt.
The central bank began to publish the quarterly total social financing figure this year. The indicator gauges the overall pace of fundraising to help the central bank judge how much liquidity is in the financial system. The concept was first introduced by the central bank in December.
The central bank will measure the financial sector's support for the country's economy by the indicator - total social financing, it said in an abstract of 2011 China Financial Stability Report posted on its website yesterday.
Total social financing includes all funds raised by entities in the real economy during a certain period of time, such as loans of local and foreign currencies, entrusted loans, trust loans, bank acceptance bills, corporate bonds, equity financing, foreign direct investment and foreign debt.
The central bank began to publish the quarterly total social financing figure this year. The indicator gauges the overall pace of fundraising to help the central bank judge how much liquidity is in the financial system. The concept was first introduced by the central bank in December.
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