(Adds detail from the report)
SHANGHAI, June 25 China's central bank has said
it will maintain "reasonable" growth in credit and social
financing and improve credit structures to prevent systematic
and regional financial risks.
The People's Bank of China also said in a report published
late on Tuesday that China's regional economies were expected to
Data out earlier this month showed new bank lending and
money supply rose faster than expected in May, adding to
indications the economy is pulling out of its soft patch -
although the recovery does appear patchy.
Broad M2 money supply rose 13.4 percent in May from a year
earlier, quickening from 13.2 percent rise in April, while
aggregate total social financing, a broad measure of liquidity
in the economy, was 1.4 trillion yuan in May versus 1.55
trillion yuan the month before.
The PBOC report on the performance of China's regional
economies said attention to potential risks in the financial
sector was needed.
The central bank blamed some low-efficiency industries and
companies with for "crowding out" funding for small firms,
pledging to improve liquidity and risk management.
(Reporting by Kazunori Takada; Editing by Paul Tait and Eric