China's cabinet: Government will maintain ample liquidity in banking system

Headlines crossing the wires from China’s cabinet via Reuters, on Monday cite tthat  the Chinese government will provide sufficient measures to maintain liquidity into markets.

Key Headlines:

To reduce financing costs for companies

To increase efforts on dealing with commercial banks’ bad debt

Will support commercial banks to replenish capital

Govt will push fwd with reform of fiscal, financial mechanisms in an orderly manner

Will maintain appropriate monetary and financial environment

Will encourage qualified firms to issue local and foreign ccy bonds overseas

Will to contain rise in labor cost

Will step up banks' non-performing loan disposal

Will build benign monetary and financial environment

Aims to lower land, energy and logistics cost