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在线翻译:
szdaily -> Business
Central bank to strictly regulate financial trading
    2017-July-27  08:53    Shenzhen Daily

THE central bank said Tuesday that it would strictly regulate financial trading and strengthen the regulation of Internet finance as policymakers looks to control risks in what regulators have called “chaotic” financial markets.

China will step up coordinated supervision over its systemically important financial institutions and financial infrastructure, the People’s Bank of China said in a statement on its website.

The statement followed an internal meeting at the central bank led by Governor Zhou Xiaochuan.

President Xi Jinping said last week that the central bank will take on a bigger role in supervising the financial sector, though few details on the functioning of a new financial stability committee are known.

Analysts have interpreted statements on the need to clean up the financial sector as a sign that monetary policy tightening will continue.

However, the central bank Tuesday reiterated that it will maintain appropriate credit growth and keep liquidity basically stable, while lowering financing costs to the “real economy.”

The bank also said that it would steadily push ahead its plan to further internationalize China’s currency, while keeping the yuan exchange rate “basically stable at a reasonable level.”

(SD-Agencies)

 

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