October 08, 2024 01:36 GMT
CHINA PRESS: PBOC's Captial Market Supporting Tools Will Not Increase Base Money
CHINA PRESS
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The People's Bank of China’s latest facilities to support the capital market will not lead to an injection of base currency or balance-sheet expansion, while investors should consider their risk tolerance, wrote Xu Zhong, vice president at the National Association of Financial Market Institutional Investors. Financial institutions should strengthen internal control and compliance responsibilities, warn individual investors of risks, and strictly prevent credit funds from flowing into the stock market in disguise of consumer loans, according to Xu. (Source: Securities Times)
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