Data ac­cu­racy to be stressed in shad­ow­bank­ing mon­i­tor­ing

China Daily (Canada) - - BUSINESS -

China’s cen­tral bank pledged on Thurs­day to im­prove its mon­i­tor­ing of the shadow bank­ing sec­tor as part of an ef­fort to pro­duce more ac­cu­rate sta­tis­tics on bank credit and in­ter­est rates more ac­cu­rate. The People’s Bank of China will im­prove its data to bet­ter re­flect the rise of off-bal­ance sheet fi­nanc­ing, such as trusts, money mar­ket funds and other prod­ucts, Pan Gong­sheng, PBOC vice-gover­nor, said in re­marks pub­lished on the bank’s web­site.

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