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The financial controls will enhance.....>

CHINA PRESS
CHINA PRESS: The financial controls will enhance the "double-pillar" framework
of monetary policy and macro-prudential policy and prevent systemic financial
risks, the Economic Information Daily said in a front page commentary Monday.
The People's Bank of China should flexibly use its money market facilities to
improve the effect of prices in resource allocation, the commentary argued.
Regulators should enforce regulation and enhance "counter-cyclical" adjustment.
China should further enrich the framework by including cross-border capital
flows in macro-prudent assessments and increasing the prudent management of the
property market, the commentary suggested. (Economic Information Daily)

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