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China Ready To Coordinate On Stability - Ex-Finance Minister

CHINA PRESS

China is ready to work with partners to bring stability to the international financial system and defuse systemic risks, according to Lou Jiwei, China’s former finance minister. Speaking at a forum, Lou said the Silicon Valley Bank collapse could bring a new round of instability that spills over into emerging markets. Following the Two Sessions, China is attaching even greater importance to preventing financial risk, through establishing a new regulatory body and central commission, he said. (Source: Global Times)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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