CHINA - With the development of the capital market, the fluctuation of asset prices will have an increasingly greater influence on the stability of money demand and in turn affect the quantity and mix of money supply. For this, the monetary policy should be adjusted accordingly in consideration of such influences, said Xie Ping, Director of the Research Bureau of the People's Bank of China, the central bank.

Xie said that due to the change of the environment for monetary policy operation, some