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MNI BRIEF: PBOC to Improve Macroprudential Risk Monitoring

(MNI) LONDON
BEIJING (MNI)

The People's Bank of China will focus on improving its macro-prudential systems to help monitor, evaluate and warn on risks in key areas including real estate finance, foreign exchange and bond markets, shadow banking and cross-border capital flows, Pan Gongsheng, deputy governor of the central bank told the Annual Conference of Financial Street Forum 2020 in Beijing.

The PBOC will implement stress tests in these areas, said Pan, adding that the central bank will also improve the overall design of China's macroprudential policies, boost its toolbox, and formulate the activation, calibration and exit mechanism of tools, said Pan, adding that it will also increase the coordination of macro-prudential system with other policies..

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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