BEIJING--Chinese officials will keep monetary policy "prudent and neutral" next year, while focusing on preventing financial risks, the official Xinhua News Agency reported Friday, citing a Communist Party statement issued after an annual economic conference.

The authorities pledged to step up efforts to contain asset bubbles, while maintaining ample liquidity in the financial system, Xinhua said.

They also said they would maintain the yuan exchange rate at a "reasonable and equilibrium" level, and increase the flexibility of the domestic currency, Xinhua said.

The government next year also will adopt a proactive fiscal policy, continue to advance a supply-side structural overhaul and lower corporate taxes and fees, Xinhua said.

--Liyan Qi

(END) Dow Jones Newswires

December 16, 2016 04:26 ET (09:26 GMT)

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