PBoC's Pan: Will improve credit structure, step up support for private and small firms

People's Bank of China Governor Pan Gongsheng said on Wednesday that China's monetary policy is based on domestic conditions and added that they will improve the credit structure, while stepping up support for private and small firms, per Reuters.

Pan added that they will use various policy tools to keep liquidity reasonably ample and reiterated that they will steadily promote Yuan internationalization.

Market reaction

These comments don't seem to be having a significant impact on the risk mood. At the time of press, US stock index futures were up between 0.1% and 0.5%.