Review: Press Conference by Governors of People’s Bank of China

Mr. Zhou Xiaochuan Governor of the People's Bank of China (PBC), Mr. Liu Shiyu, Deputy Governor of PBC, Mr. Yi Gang, Director of the State Administration of Foreign Exchange and Deputy Governor of PBC, Mr. Pan Gongsheng, Deputy Governor of PBC hold a press conference during the 1st Session of the 12th National People’s Congress at the Multi-function Hall of Media Center at 3pm on March 13th, 2013 (Wednesday).

Highlights of press conference by POBC governors:
• China to maintain policy stability, continuity
• Credit rating of China's railway bonds to remain intact after restructuring
• China should remain on high alert for inflation
• Monetary measures to cool home prices to continue
• China to ensure online payment safety
• China's M2 growth poses no inflation risks
• Taiwan's chance of becoming offshore yuan center to be decided by market
• Central bank supports emerging Internet financing
• China's gold reserves stand at 1,054 tonnes
• PBOC sees low NPL level for Chinese bank