China's macro-prudential policy will....>

CHINA PRESS: China's macro-prudential policy will establish credit and property

prices as anchors to stabilize the financial cycle, the Financial News, a

journal of the People's Bank of China, reported Tuesday. In today's financial

situation, it is a challenge for the PBOC to achieve its goal of stability in

prices and the financial sector. Analysts say a "two pillars" framework -

monetary policy and macro-prudential policy - will help guarantee proper

liquidity conditions, stabilize prices and output, curb price bubbles and

prevent systemic financial risks. Regulators need to coordinate the two pillars

to accommodate economic and financial cycles, the newspaper argued.(Financial

News)