China's PBOC Introduces Six New Policies

The Chinese Central Bank has announced six new financial policy measures aimed at improving mechanisms for short-term interest rate regulation, launching a Renminbi repurchase center for foreign and international monetary authorities, and exploring the establishment of a precautionary liquidity support tool for non-banking financial institutions under certain conditions. It will also experiment with Renminbi trading abroad in the Shanghai Free Trade Zone, release a joint action plan to develop external financing alongside local governments, and establish a center for reporting interbank market data.

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