Quotable quotes from Tsinghua PBCSF Global Finance Forum
PBOC Vice-Governor Li Bo
The central bank, the People's Bank of China, will improve the so-called macro-prudential policy framework, which requires building a full-range financial risk monitoring and warning system, especially to supervise activities of adding leverage, debt, and financial cycles.
Li said to establish targeted policy tools and include influential financial activities, financial institutions, financial markets and related infrastructures must be placed into the macro-prudential management system to prevent systemic risks.
The central bank will further optimize the financial regulatory framework, consider further clarifying and separating the prudential supervision function and behavior supervision function of regulatory authorities, Li added.
