China's central bank said on Wednesday that it will continue to implement a targeted approach in monetary policy in the second half of 2014 and shore up weak links in the economy.
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More financial support will be provided to rural areas and small businesses to reduce their financing costs, according to a statement on the website of the People's Bank of China.
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It said it will accelerate work to establish a deposit insurance scheme in the coming months.
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The statement came after a meeting between the central bank governor and heads of the bank's branches across the country to review monetary policy in the first half and map out policies for the second.
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The central bank also said it will strengthen monitoring of financial risks in key sectors and industries, and handle the risks in a timely manner to prevent regional and systemic risks.Â
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China's central bank said on Wednesday that it will continue to implement a targeted approach in monetary policy in the second half of 2014 and shore up weak links in the economy.
