People's Bank of China (PBOC) Governor Pan Gongsheng pledged in a work report presented to the standing committee of the National People’s Congress on Tuesday that more actions would be taken to ease financial risks in key areas, including the capital market and the property sector. According to state news agency Xinhua, Pan stated that monetary policy tools would be effectively implemented to buoy the capital market, and a 'white list' mechanism would be set up to maintain a smooth operation of the real estate industry.