PBOC to ensure liquidity, credit growth, official says

The People's Bank of China, the central bank, will comprehensively use policy tools including the reserve requirement ratio to ensure ample liquidity in the banking system and a reasonable credit growth, said an official of the PBOC.

Zou Lan, head of the monetary policy department at the PBOC, said at a news conference on Friday that new structural policy tools may also be created if necessary to provide targeted support for key areas and weak links.