An official at China’s banking and insurance regulator said authorities will use policy tools “flexibly and precisely” at proper times to stabilize the economy, while banks and insurers will “go all out” to bolster funding.
Authorities will support an “appropriate” acceleration in infrastructure investments as demand remains weak, and will broaden long-term fund-raising channels including private capital, said Liu Fushou, chief risk officer of the China Banking & Insurance Regulatory Commission.
