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Liquidity will go to targeted areas, PBOC says

2013-08-30 13:34 China Daily Web Editor: qindexing

The central bank said on Thursday that added liquidity gained from securitized assets will help boost growth in targeted areas.

The areas include credit support to small and medium-sized enterprises, agriculture, urban renovation, and infrastructure projects, according to a statement on the central bank's website.

On Wednesday, an executive meeting of the State Council, China's cabinet, presided over by Premier Li Keqiang, gave the green light for high-quality securitized assets to be traded as a way to boost bank liquidity. The move will help ease risks for banks and quench liquidity demand.

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