China's central bank says it will continue to implement a "targeted approach" to monetary policy in the second half.
The statement comes after a meeting between the central bank governor and heads of the bank's branches across the country.
The People's Bank of China also promises more financial support will be provided to rural areas and small businesses to reduce their financing costs.
The bank also says it will accelerate work to establish a deposit insurance scheme in the coming months.
For more on this, Ding Lulu spoke with Alun John, deputy editor of Shanghai Business Review.
