Home PBOC’s Yi: Overall financial risks are contained

PBOC’s Yi: Overall financial risks are contained

Published date: 24 Sep. 2019 | 04:32

People’s Bank of China (PBOC) Governor Yi Gang is on the wires now, via Reuters, speaking about the monetary policy and economy.

Key Quotes:

Overall financial risks are contained.

Overall financing costs for firms down 1% from last year.

Foreign ownership cap in finance to be lifted by end 2020.

Risks in shadow banking, some key institutions resolved.

Monetary policy aims to serve the domestic economy.

PBOC: Have ample monetary policy tools

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