China should allow macro leverage to rise further - PBOC official

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese central bank officials said the authority should allow the macro leverage ratio to rise further this year and step up the financial sector's support for the real economy, in a bid to offset the impact of the coronavirus pandemic.

In recent years, the rapid growth of macro leverage ratio has been contained, said Ruan Jianhong, head of the statistics department of the People's Bank of China (PBOC). "In 2019, China's macro leverage ratio grew by 5 percentage points, a smaller rise compared to an average annual increase of 10 percentage points between 2008 . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE