PBOC and bank­ing reg­u­la­tor deny ‘turf war’ re­ports

China Daily (Canada) - - BUSINESS -

Chi­nese bank­ing au­thor­i­ties crit­i­cized on Thurs­day two Fi­nan­cial Times re­ports for alledg­ing a turf war be­tween the People’s Bank of China, the cen­tral bank, and China Bank­ing Reg­u­la­tory Com­mis­sion is ham­per­ing pol­icy co­or­di­na­tion. “The PBOC and CBRC al­ways co­or­di­nate with each other and work to­gether to pro­mote re­form, de­vel­op­ment and sta­bi­liza­tion in China’s fi­nan­cial sec­tor,” said their joint an­nounce­ment.

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