PBOC says will strengthen implementation of prudent monetary policy

  • The Chinese central bank remarks in its Q3 monetary policy implementation report
  • Will fend off systemic financial risks
  • Will resolutely avoid "flood-like" stimulus
  • To focus efforts on stabilising employment, prices
  • To maintain reasonable growth in money supply, social financing
  • To keep yuan exchange rate at a reasonable, balanced level

No change to the overall narrative as China continues to maintain its monetary policy stance.

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