PBOC will maintain prudent, flexible monetary policy in H2

China will maintain a prudent, flexible and targeted monetary policy in the second half of 2021 to support economic growth, the People’s Bank of China (PBOC) said in a statement over the weekend.

Key quotes

Called for "rectifying" e-commerce and other tech companies.

“China will focus on maintaining stability in its macro policies over the second half and will not inject massive liquidity through "flood-like" measures.”

“It would "maintain a high level of pressure" on firms speculating in digital currencies.”

“China will keep the yuan exchange rate stable within a reasonable and balanced range.”

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