2010-12-14 17:13

People's Bank of China Governor Zhou Xiaochuan said Monday the central bank will make further efforts to stabilize the commodity price next year, Shanghai Securities News reported Dec 14.

According to the report, Zhou said the central bank will attempt to strike a balance between stable and relatively fast economic development, engage in economic restructuring and manage the inflation expectation.

The central bank will enact stable monetary policies and seek to control fluidity.

In addition, China Securities Regulatory Commission (CSRC), China Insurance Regulatory Commission (CIRC), and State Administration of Foreign Exchange (SAFE) also conveyed the spirit of The Central Economic Work Conference and arranged next year's work.

The Chairman of CBRC Liu Mingkang vowed to strengthen management of local financing platforms. The report quoted Liu calling for the end of illegal cooperation between bank and non-bank financial institutions.