PBoC monetary policy committee holds a meeting; PBoC says expectations for economic growth is relatively weak

China's economic operation continues an upward trend but faces challenges of insufficient demand and weak social expectations.
will meet reasonable financing demand of real estate enterprises, regardless of different ownership.
will resolutely correct pro-cyclical behaviour and firmly prevent the risk of exchange rate overshooting.
will step up the implementation strength of introduced monetary policy.
will accurately and effectively implement a prudent monetary policy, pay more attention to counter-cyclical adjustment, give better play to dual functions of monetary policy tools.
will promote small and mid-sized banks focus on core business.
will support banks to replenish capital.