Reported 8 months ago
Plans for a significant shift in how China conducts monetary policy are beginning to surface after President Xi Jinping's directive to enrich the monetary policy toolbox. The People's Bank of China is considering trading government bonds in the secondary market to regulate liquidity and other changes to the interest-rate system, aiming to refine tools to manage interest rates and money. These potential changes suggest a gradual reform in China's monetary policy framework, aiming for simplicity, transparency, and alignment with international practices.
Source: YAHOO