Finally, the People’s Bank of China (PBOC) has issued a statement on persistent concerns surrounding the indebted Evergrande Group chino.
Featured statements
“The PBOC urges developers and shareholders to meet debt obligations.”
“China asks banks to maintain stable and orderly loans to real estate.”
“Monetary policy will be flexible, specific and appropriate.”
“We will keep liquidity reasonably ample.”
“We will make the yuan stable, we will increase the flexibility of the yuan.
“China’s inflation is under control.”
“We will stick to a normal monetary policy.”
“We will provide reasonable credit support to coal power companies and projects.”
“The liquidity in the banking system will basically balance out in the fourth quarter, it won’t be a big fluctuation. “
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