PBOC deputy governor sets 2030 target for modern financial framework
The PBOC said it aims to build a modern financial system by 2035, while also targeting the prevention of financial risks and greater flexibility in yuan exchange rates. It said the market should play a decisive role in exchange-rate formation, and described monetary and financial stability as constant objectives and ongoing work goals. The central bank also said it will strengthen monetary policy expectation management.
The PBOC said it aims to build a modern financial system by 2035, while also targeting the prevention of financial risks and greater flexibility in yuan exchange rates. It said the market should play a decisive role in exchange-rate formation, and described monetary and financial stability as constant objectives and ongoing work goals. The central bank also said it will strengthen monetary policy expectation management.