PBOC’s Yi: China's debt leverage ratio at high level

The PBOC Deputy Governor Yi Gang was reported by Reuters last hour, as saying that the Chinese economy's debt levels are still high.

Additional Headlines:

Asset bubble risks have not yet been fully contained.

China's debt leverage ratio at high level.

PBOC will maintain prudent and neutral mon pol.

PBOC will increase flexibility and effectiveness of liquidity management.

China has conditions to keep Renminbi basically stable.

Two-way fluctuation in Yuan rates will become the norm.

Will increase Yuan’s exchange rate flexibility.