PBOC: Prudent monetary policy will be more flexible, keep liquidity reasonably ample

Key quotes

Will lower financing costs to help companies weather difficult time.

Prudent monetary policy will be more flexible, keep liquidity reasonably ample.

Property will not be used as means of short-term stimulus to jumpstart economy.

Financing policies to property sector will be consistent and stable.

Will step up funding support to medium-sized and small firms.