PBOC: Economic performance rises
8 November 2005
China has moved to upgrade its weak financial system and the intial results are good, said the People's Bank of China in a report on financial stability. The report said that the yuan's exchange-rate mechanism will improve, and there will be more derivative products to enhance risk management, and greater efforts to force poorly performing financial firms out of the market. The central bank's report was believed to be the first of its type to be posted on the PBOC website.
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