Investors pin hopes on central bank

A communicative PBOC and a clearer money policy can help reverse sell-off mood

Stunned by the January sell-off in Chinese equities, stock-market people are looking toward the People's Bank of China for clues to future direction.

Whether or not the Chinese monetary authority stabilizes the yuan without constraining the hoped-for easing in banks' reserve requirement ratio, which is currently in the 15-17 percent range, would be key, analysts said.