FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee/File Photo
May 17, 2019
HONG KONG (Reuters) – China’s central bank said on Friday it will help reduce financial costs for small enterprises as part of a wider effort to help companies weather a slowdown in the world’s second largest economy due to a trade row with the United States.
The People’s Bank of China (PBOC), the central bank, said in its first-quarter implementation report that it would also maintain a prudent monetary policy and fend off any systemic financial risks.
(Reporting by Lee Chyen Yee in Singapore and Meg Shen in Hong Kong; editing by Darren Schuettler)
