China’s Economic Information Daily reported the latest statement out on the People’s Bank of China’s (PBOC) website on Friday, citing that the Chinese central bank pledged to reduce administrative intervention in transactions, develop mid and long-term investors and unblock access for asset management products.
According to the statement, a meeting held by the PBOC and the Financial Stability and Development Committee under the State Council has decided to accelerate reform, the Economic Information Daily reports.
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