PBoC looks to the future, Making way for digital cash
Thursday 29 October 2020 – Vol.11 Ed.44.4
Commentary: PBoC looks to the future
By Geoffrey Yu in London
The People’s Bank of China’s new governing law includes various changes and one important constant. The PBoC’s financial stability responsibilities remain unchanged. However, the proposal introduces ‘macro-prudential management’, as well as terms that have become familiar since the 2008 financial crisis, such as ‘stress test’ and...
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