China central bank says to continue monetary policy

China's central bank said on Friday that it will maintain monetary policy and keep liquidity conditions stable.

The People's Bank of China (PBOC) listed three major tasks, namely serving the real economy, preventing risks, and pushing forward financial reforms, in a lengthy report on the implementation of China's monetary policy in the third quarter.

China will continue its prudent and neutral monetary policy and improve coordination with other related policies to facilitate supply-side structural reform, according to the report.

The PBOC stressed financial supervision, vowing to safeguard the bottom line so that no systemic risks occur.

The regulatory framework of monetary and macro-prudential policies will be improved, and reform will be deepened in interest rate and foreign exchange markets.

More efforts will also be made to ensure stable inter-bank liquidity and bolster inclusive finance, according to the report.

(CGTN)