New liquidity released by China's central bank has basically been transmitted to the real economy, while current liquidity level in China's banking system is reasonably ample, Ruan Jianhong told reporters at a news briefing.

Financial costs for China's small and micro firms fell in 2018 and the outstanding real estate loans in yuan term increased 20 percent from a year earlier to 38.7 trillion yuan ($5.73 trillion), she said.

(Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)