PBOC’s Yi - Pressure from capital outflows has eased

Comments from the People’s Bank of China (PBOC) Deputy Governor Yi Gang crossing the wires via Bloomberg – says non-performing loans have stabilized and the pressure from capital outflows has eased as the nation’s economic recovery takes hold.

Key quotes

As the economy stabilizes, the government will further open up stock and bond markets and promote the use of the Yuan overseas

Central bank will pursue “prudent” monetary policy, balancing the need for economic stability while reducing financial leverage and controlling “asset bubbles”.

The overall risk is under control