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PBOC To Resolve Financial Risks Effectively

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will aim to deal with existing risks in an orderly and effective manner and further improve the early risk correction mechanism to curb incremental hazards, the central bank said Monday in a statement on its website. It is necessary to strengthen the analysis of the overall financial stability situation from a macro perspective, improve the risk monitoring and assessment system and the systemic risk identification mechanism, and strengthen risk reminders and early warnings, the PBOC said.

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