The People's Bank of China (PBOC) has reiterated its commitment to maintaining the stable operation of financial markets, including stocks, bonds, and foreign exchange. During an enlarged meeting on March 18, the PBOC's Party Committee emphasized the importance of resolving financial risks in key areas while balancing economic growth and restructuring. The meeting highlighted the need to address debt risks associated with financial support platforms and manage risks in small and medium-sized financial institutions.
The PBOC stressed the importance of adhering to market-oriented and rule-of-law principles, leveraging macro-prudential management, and maintaining financial stability. Additionally, the committee discussed establishing a liquidity support mechanism for non-bank financial institutions under specific conditions and reaffirmed its commitment to combating illegal financial activities in collaboration with relevant departments.
People's Bank of China Reaffirms Commitment to Financial Market Stability
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