Financial regulation
July 4, 2011, Monday
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Print Edition
Print Edition
THE People's Bank of China, the country's central bank, vowed yesterday to improve financial regulation and boost the restructuring of the country's financial system.
The central bank will "seize an important strategic growth opportunity for the Chinese economy to push forward the reform of key financial sectors and improve the management of foreign exchanges," the central bank said in a statement posted on its website.
It also said the central bank will enhance financial support for the agricultural industry, as well as the country's small and medium-sized enterprises. These sectors typically have limited access to bank financing.
The central bank will "seize an important strategic growth opportunity for the Chinese economy to push forward the reform of key financial sectors and improve the management of foreign exchanges," the central bank said in a statement posted on its website.
It also said the central bank will enhance financial support for the agricultural industry, as well as the country's small and medium-sized enterprises. These sectors typically have limited access to bank financing.
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