PBOC says it'll boost loans to private firms, encourage bond buying, and more

<p>People's Bank of China statement of support for the Chinese economy:</p><ul><li>
Will continue to step up loans to private companies</li><li>Will use stocks,
bonds to deal with risks of private property developers in a prudent
manner</li><li>Will encourage and
guide institutional investors to buy bonds of private firms</li><li>Will support IPO and
refinancing of private firms</li></ul><p>Pan Gongsheng, People's Bank of China governor</p>

This article was written by Eamonn Sheridan at www.forexlive.com.