People’s Bank of China (PBOC) said in a statement on Friday, they “will improve financial risk prevention, warning, disposal and responsibility system. “
Additional points
“Will push forward reform of small and medium financial institutions to resolve risks.”
“Will maintain stable operation of stock, bond and forex markets, prevent external shocks. “
“China's macro leverage ratio at 279.4% at end-2020, up 23.5 percentage points from a year ago.”
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