Central Bank Will Address Liquidity at Proper Time, Zhou Says

(Shanghai) – The central bank will adjust liquidity at the proper time to ensure market stability, its governor, Zhou Xiaochuan, says.

The comments, made at the Lujiazui Financial Forum on June 28, come as a capital crunch has rattled China's financial system for weeks.

"On one hand, the central bank will guide financial institutions for reasonable credit issuance and asset arrangement to support structural adjustment and upgrading of the real economy," Zhou said. "On the other hand, it will adopt various instruments and measures to adjust market liquidity to ensure overall stability."