BEIJING – China will move faster to improve its central bank system and promote high-quality financial development, the country’s central bank governor has said. China will concentrate on improving the twin-pillar regulatory framework of monetary policy and macro-prudential policy to maintain the stability of both currency value and the country’s financial system, Pan Gongsheng, governor … Continue reading China to improve central bank system, promote high-quality financial development: PBOC governor
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Two new tools to guide interest rates
A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE The People’s Bank of China, the country’s central bank, has launched a pair of new tools to better guide market interest rates and ensure bond market stability, reinforcing its efforts to build a modern monetary policy system, experts said. The PBOC … Continue reading Two new tools to guide interest rates
T-bond move seen safeguarding financial stability
This undated file photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] The People’s Bank of China, the country’s central bank, may soon sell borrowed long-term Chinese government bonds, a move that would help safeguard financial stability and add a new tool of liquidity management, market experts … Continue reading T-bond move seen safeguarding financial stability