China to better manage cross-border capital flow

0 Comment(s)Print E-mail Xinhua, January 19, 2018
Adjust font size:

BEIJING, Jan. 19 (Xinhua) -- China's central bank said it will introduce a "counter-cyclical coefficient" to better manage capital flow of the Chinese yuan.

Commercial bank financing business will be under the regulation, the People's Bank of China (PBOC) said on Friday.

"The upper limit of financing will be determined by a bank's balance of deposits and a counter-cyclical coefficient, which currently stands at 3 percent."

The PBOC said the move will improve financing and support cross-border business. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter