SHANGHAI (Reuters) – China’s economic fundamentals remain sound and its financial markets are stable overall, the central bank governor said on Thursday, adding that the bank would keep liquidity levels reasonably ample in the second half of the year.
Yi Gang said the People’s Bank of China had guided financing costs lower this year, when he expects new loans to hit nearly 20 trillion yuan, and total social financing to increase by more than 30 trillion yuan.
The bank’s balance sheet remains stable around 36 trillion yuan ($5.08 trillion), he added, speaking at a financial forum in Shanghai.
(Reporting by Winni Zhou and Andrew Galbraith; Editing by Clarence Fernandez)
