News & Insights Across Asia
China’s central bank has launched a new swap facility to promote stable growth in the capital market and may inject an additional 500 billion yuan if successful, Governor Pan Gongsheng announced.
PBOC Governor Pan Gongsheng emphasizes the need for balanced monetary policy adjustments to promote moderate price recovery and maintain the renminbi exchange rate within an appropriate range.
PBOC Governor Pan Gongsheng announces China’s financial system is stable with reduced local government debt, low mortgage down payments, and a significant drop in risk levels.
China will accelerate improvements to its central bank system and promote high-quality financial development, according to PBOC Governor Pan Gongsheng in an exclusive interview.