Bank to strengthen abil­ity to ad­just rate

China Daily (Hong Kong) - - BUSINESS -

China’s cen­tral bank said on Thurs­day that it would strengthen its abil­ity to ad­just in­ter­est rates and im­prove the ef­fi­ciency of its medi­umterm lend­ing fa­cil­ity, stand­ing lend­ing fa­cil­ity and re­verse repo op­er­a­tions in 2017. In a re­port on fi­nan­cial mar­ket devel­op­ment in 2016, the Peo­ple’s Bank of China said it would in­crease the yuan’s flex­i­bil­ity against the dol­lar, ac­tively guide and sta­bi­lize mar­ket ex­pec­ta­tions and bal­ance cross-border cap­i­tal flows. It would also study and steadily push for­ward fi­nan­cial reg­u­la­tory re­form and im­prove the sta­bil­ity of fi­nan­cial in­sti­tu­tions, as well as ap­pro­pri­ately deal with some high-risk in­sti­tu­tions this year.

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