PBOC says will ensure stable growth, risk prevention

A People's Bank of China deputy governor:Bank will coordinate relationship between short-term tasks and long-term goals, stable growth and risk prevention, and internal and external balancesWill support development of offshore yuan marketWill prompt trade and investment facilitationwill accelerate implementation and effectiveness of reledning facility for scient and tech innovation Will support small- and medium-sized tech firms' first-time loans and equipment upgrades in key areas with big efforts Will establish and improve financial infrastructure, improve service capacity of yuan cross-border interbank payment systemWill strengthen the supervision of cross border yuan businessWill make financial markets more transparent, rule-based and predictable, and increase the liquidity yuan financial assetsWill support more foreign central banks, international development institutions and multinational enterprises in issuing panda bonds in China This article was written by Eamonn Sheridan at www.forexlive.com.