PBOC: Will make prudent monetary policy flexible, targeted and appropriate

People’s Bank of China (PBOC) said in a statement on Friday, they “will improve financial risk prevention, warning, disposal and responsibility system. “

Additional points

“Will push forward reform of small and medium financial institutions to resolve risks.”

“Will maintain stable operation of stock, bond and forex markets, prevent external shocks. “

“China's macro leverage ratio at 279.4% at end-2020, up 23.5 percentage points from a year ago.”