BEIJING - China will continue to roll out preferential financial policies to boost economic and social development in Tibet over the next five years, according to financial authorities on Monday.

Monetary and credit policy support will be fine tuned during the 2016-2020 period, according to a circular issued by the central bank and regulators of China's banking, securities and insurance sectors.

Financial institutions will be encouraged to open branches in Tibet and more direct financing and financial bonds are expected to help enterprises in Tibet, especially small and micro businesses, according to the circular.

More financial support for infrastructure, agriculture and environment protection is promised, as well as policies to improve farmers' incomes, according to the circular.