China's central bank said it will maintain a prudent and neutral monetary policy in 2018 while keeping the yuan stable, Reuters reported.
The People's Bank of China plans to improve its macro-prudential management for shadow banking and real estate financing and said establishing "a long-term mechanism for internet financial regulation and risk prevention" will be one of its main tasks for the year.
Yi Gang, the central bank's vice governor, said last week that China could include shadow banking, real estate financing and internet financing in its macro-prudential reviews.
The central bank said it plans to add depth to its market-based interest rate reforms, keep liquidity stable and reduce systemic financial risks.
