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China to encourage equity financing and deepen financial reforms – deputy PBOC governor

China's central bank will take further steps to encourage equity financing and deepen capital market reforms to diversify financing services in the banking sector, said Pan Gongsheng, deputy governor of the People's Bank of China (PBOC) on Tuesday.

"The prudent monetary policy will continue to provide a proper monetary and financing environment for financial supply-side reform and high-quality development," Pan said during an interview with China Central Television.

Pan's comments came after Chinese President Xi Jinxing said China should deepen supply-side reform in the financial sector and strengthen the sector’s role in the . . .

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