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MNI BRIEF: China Plans Export Policy Support - NFRA Head

MNI (Beijing)

Authorities will improve access to credit and insurance services to help exporters stabilise orders, said Li Yunze, head of the National Financial Regulatory Administration.

Li, speaking at the Lu Jia Zui Forum on Thursday, said China’s economy was still recovering but had shown strong resilience. Looking forward, the NFRA will take proactive measures to prevent financial risks and China should remain vigilant following the recent international banking crisis, Li said.

China revealed May exports had fallen 7.5% y/y Wednesday (see: MNI BRIEF: China May Exports Slow, Down 7.5% Y/Y - Bonds & Currency News | Market News). Advisors recently told MNI policymakers needed to revive investor confidence in state-owned banks impacted by the slowing economy (see: MNI: Slowing Economy, Credit Fears Weigh On China Bank Stocks - Bonds & Currency News | Market News)

MNI Beijing Bureau |
MNI Beijing Bureau |

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