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PBOC To Increase Financial Market Stability

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will improve the stability of the financial market and the efficiency of monetary policy transmission, and promote a higher level of two-way opening up of the market, according to an article published on its website Sunday. It will stabilise real-estate bond financing and steadily resolve debt risks of local government financing vehicles. It will also enrich market-based default resolutions, such as debt swap, extension and repurchase, as well as facilitating judicial relief.

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