Govt to continue financial support of railway   

央行：对铁道部原来贷款或债券等支持措施不变

央行副行长刘士余今日表示，国家对铁道部原来贷款或债券等各项支持措施和支持政策不变，下一步国家将会采取综合性的措施支持铁路建设、支持铁路的投资和融资。

Beijing (CNS) -- The credit rating of bonds issued by the Ministry of Railways (MOR) will remain intact after the ministry's restructuring, a senior central bank official said Wednesday.

Liu Shiyu, deputy governor of the People's Bank of China (PBOC), made the remarks at a press conference during the parliament's annual session.

Commercial loans taken by the ministry and bonds issued by the ministry will be transferred to the proposed China Railway Corp, which will carry out the existing ministry's commercial functions, he said.

The country's banks will continue to extend financial support to railway investment and will work out more comprehensive measures to support railway construction and investment, he added.

Zhou Xiaochuan, governor of PBOC； Yi Gang, director of the State Administration of Foreign Exchange and deputy governor of PBOC； and Pan Gongsheng, deputy governor of PBOC, also participated in the press conference.

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