- Analytics
- News and Tools
- Market News
- The People's Bank of China establishes bureau to strengthen financial regulation
The People's Bank of China establishes bureau to strengthen financial regulation
China's central bank has set up an institution to improve financial regulation and risk prevention, the office of public sectors reform commission said in a statement Saturday.
According to the statement, The People's Bank of China (PBOC) has established a macro-prudential management bureau to replace the previous foreign exchange department.
The bureau will be responsible to formulate macro-prudential policies, assess financial agencies, draft rules and regulations, and monitor financial risks.
It will also shoulder foreign exchange department duties, such as assessing foreign exchange policies and promoting the yuan's cross-border transactions.
Establishing the bureau is a crucial measure in the country's strategy of building a two-pillar framework consisting of monetary policy and macro-prudential assessment, said Yin Zhentao, a researcher with the Chinese Academy of Social Sciences.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
