PBOC: China must broaden investment channels

China should consider broadening its investment channels and introduce more investment products to absorb rising liquidity in the banking sector, central bank governor Zhou Xiaochuan said in a Securities Times report.

Zhou was quoted as saying that China's high deposit savings ratio and the steady development of the country's financial sector has led to increasing liquidity in the banking system.

At the end of April, China's M2 money supply rose 18.9 pct year-on-year to 31.37 trln yuan, compared

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