The framework of macro-prudential.......>

CHINA PRESS: The framework of macro-prudential policy needs to be improved, and

its targets should be more specific, Yin Yong, vice-governor of the People's

Bank of China, said during the annual Caixin Summit, Caixin Magazine reported

Thursday. The coordination between macro-prudential policy, monetary policy and

fiscal policy is still in a testing stage because the causes of systemic risks

are complicated, Yin argued. The central bank should play a decisive role in the

framework, including controlling money supply, stabilizing inflation and the

economy, and overcoming the limitations of regulations, Yin stressed. (Caixin

Magazine)