De­fus­ing Fi­nan­cial Risks

Beijing Review - - This Week Economy -

China’s fi­nan­cial sec­tor is ca­pa­ble of re­solv­ing ex­ter­nal im­pacts, gov­er­nor of the coun­try’s cen­tral bank said on March 25 while re­spond­ing to ques­tions on pos­si­ble new risks from ris­ing global un­cer­tain­ties.

“If ex­ter­nal im­pacts spread to China, our bank­ing sys­tem, se­cu­ri­ties and in­sur­ance mar­kets, equipped with quan­tity and price reg­u­la­tion, are fully ca­pa­ble of de­fus­ing the risks,” Yi Gang, head of the Peo­ple’s Bank of China (PBOC), said at the China De­vel­op­ment Forum in Bei­jing.

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