China's central bank will work to sustain buoyant financing activity while expanding financial opening-up this year as part of its efforts to effectively support economic growth and high-quality development. The People's Bank of China, the country's central bank, said on Friday that it will focus on ensuring a balanced allocation of new credit, enhance the efficiency of existing funds and improve the credit structure so that social financing can achieve a relatively rapid growth in a sustainable way throughout the year. The PBOC said in a statement following its two-day annual work meeting through Friday that it will ... (full story)