PBoC Deputy Governor: Policies are to be more flexible and proactive

Zhu Hexin, the deputy governor of the People's Bank of China (PBoC), was out on the wires in the last hour, saying that the central bank intends to make policies more flexible, forward-looking and effective.

Key quotes:

   •  Will keep reasonable, ample liquidity without flooding the financial system.
   •  Will step up policy coordination and transmission.
   •  Will also effectively resolve the problem of high financing costs for companies.