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PBoC pledges further opening-up, de-risking, and green finance for 2021


The People’s Bank of China (PBoC) is committed to opening up the country’s financial market, addressing systemic risks, and promoting green finance, according to notes from a virtual work conference held last week. Stability has been stressed as a top priority by the central bank. More structural reforms on the supply side will be expected. Under a “macroprudential” policy framework,…

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