People's Bank of China to only 'conduct fine-tuning' as nation carries out essential economic reforms

China's central bank said on Tuesday that it will continue its hands-off stance on the money market, as it maintains a "stable" monetary policy that facilitates the nation's essential structural reforms.

The central bank "will neither loosen nor tighten liquidity (but) will conduct fine-tuning in response to market changes", said the People's Bank of China in a quarterly monetary policy report it posted on its website.