Press "Enter" to skip to content

PBOC set up department to eliminate financial risks

China’s central bank has set up a department to oversee and eliminate financial risks, as part of its restructuring of departments and personnel, further strengthening its expanded role in financial oversight and policy coordination.

The People’s Bank of China (PBOC) set up the macro-prudential management bureau to draft rules, monitor and handle financial systemic risks, and advise on currency issues including yuan convertibility, according to a statement published by the State Commission Office of Public Sectors Reform.

The new agency will take over some of the duties of the Monetary Policy II Department, which was created in . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top