China's central bank keeps the yuan stable



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The Chinese central bank said it will maintain the stability of the yuan and its prudent monetary policy to ensure the financial stability of the world's second largest economy.

The People's Bank of China, the central bank, said in its report on the implementation of monetary policy for the second quarter that it will guide financial institutions to increase medium and long-term investments in the manufacturing sector and private companies.

He also stated that he would also support commercial banks to address capital shortages through various means, including the issuance of ongoing obligations to strengthen the economic capacity of financial services.

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