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PBOC To Help Build China Into Financial Power

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will explore paths to help China become a greater financial power, including measures to build a modern central bank system, a strong international financial centre and steadily promote the internationalisation of the yuan, according to a statement on its website Saturday. PBOC Governor Pan Gongsheng said becoming a financial power will require, not only a strong economic foundation, but also continuous financial reform and international financial cooperation, as well as improved rules, regulations, management, and standards in the financial sector.

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