China central bank governor says to control systematic risks

China's central bank governor Zhou Xiaochuan speaks during a session on the second day of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing
FILE PHOTO: China's central bank governor Zhou Xiaochuan speaks during a session on the second day of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing, October 19, 2017. REUTERS/Thomas Peter

December 7, 2017

HONG KONG (Reuters) – China central bank governor Zhou Xiaochuan has said keeping prices stable and controlling systematic risks in the financial sector are two core targets for the bank.

The People’s Bank of China would maintain efforts on deleveraging as debt levels in the economy declined, while following a prudent and neutral monetary policy, Zhou Xiaochuan said in an article seen on Thursday.

(Reporting by Hong Kong newsroom)