The People's Bank of China will continue to maintain "prudent" monetary policy in 2015, keeping credit growth stable while having its hands free to fine-tune policy when necessary, the regulator said in an online statement on Friday.
China has made a series of moves to clamp down on shadow banking in recent months, including tighter regulations on the usage of bond market and interbank assets for refinancing.
The PBOC implemented new tools to tackle 2014's changing economic landscape, including Medium-term Lending Facility (MLF) and Pledged Supplementary Lending (PSL).
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