Chinaboostspilotregionalfinancialreform:PBOC-PeoplesDailyOnline

Tuesday, Aug 6, 2019SearchArchiveChineseChinese
Japanese
French
Spanish
Russian
Arabic
Korean
German
PortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglishChina boosts pilot regional financial reform: PBOC(Xinhua)    16:18, August 06, 2019BEIJING, Aug. 6 -- China has carried out a series of pilot financial reforms at the regional level to strengthen the role of finance in supporting regional reform and opening up, according to the Peoples Bank of China (PBOC).The pilot reforms in 18 provincial-level regions involved 26 projects focusing on inclusive finance, green finance and other aspects, PBOC deputy governor Chen Yulu said at a news conference.As a pilot area for inclusive finance, Lankao County in central Chinas Henan Province has seen dropping interest rates for lending to farmers as well as small and micro-sized firms.Progress on green finance was shown in five pilot regions, as nearly 200 innovative green financial products and tools such as green municipal bonds were launched, offering more financing channels for green projects.In the Guangdong-Hong Kong-Macao Greater Bay Area, the central bank has set up a trade financing platform of trade using blockchain technology as a trial, and established a renminbi overseas investment fund in Qianhai, the city of Shenzhen.The opening up of the financial market is further deepened. Projects such as the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect schemes have boosted the convertibility of renminbi under the capital account.Next, the central bank will provide more guidance for the reforms, and apply the experience from the pilot regions to other areas, Chen said.var addthis_config = {"data_track_addressbar":false};(For the latest China news, Please follow Peoples Daily on Twitter and Facebook)(Web editor: Shi Xi, Du Mingming)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var shortname=window.location.host;var disqus_shortname=;var disqus_identifier=;if (shortname==en.people.cn){disqus_shortname=enpeople;disqus_identifier = 9603800;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.Related readingChina to deepen pilot regional financial reform Central bank targets small, private firmsPBOC pumps more money into marketIMF, World Bank note efforts to reform nations financesChina central bank to give more credit support to poor areasChinas central bank drains 50 bln yuan from marketWe RecommendScenery of "Umbrella Street" spectacle in Zabbar, Malta
Lotus flowers bloom on Daming Lake in east Chinas Shandong
Over 30 Siberian tiger cubs born from end of February at Heilongjiang breeding center
81-year-old man offers free herbal tea during summer time in Hangzhou
Jinxi Reservoir starts to discharge flood water in Zhejiang
Expert helps farmers upgrade grape cultivation skills in Chinas Hebei
Djokovic beats Federer to win his fifth Wimbledon title
Qinghais Sanjiangyuan: Bluer water, greener mountains
Tourists visit scenic spot of Riyue Tan in SE Chinas TaiwanMost Read1Chinas new architectural wonder: a 46,000-tonne bridge rot…2Feds rate cut is a slam in the face of US President Trump3No one is in position to dictate to Chinese people4U.S. should stop making troubles for trade talks5Europeans on the wings of Chinas opening-up into worlds s…Top 10Jiangsu the first Chinese province to hit GDP of 9 trillion yuan
China General Chamber of Commerce reveals 2019 trends
We debunk some science myths!
Top 10 most sustainable cities in China
Popular on Global TimesNo interference in Venezuelan issuesBiz prepares for trade spatBroadcasting Continent
Australia wins Chinese CEOs as US losesHot NewsAIIB expands membership to 100 in three years
Feature: With Chinese trains rolling, Cuba starts revamping railway system
Hainan duty-free sales exceed 944 mln USD in H1
81-year-old man offers free herbal tea during summer time in Hangzhou
Space lab set for fiery return on Friday
Chinas GDP grows 6.3 pct in H1Key WordsXi JinpingBelt and RoadG20South China SeaAIIBLinks:Beijing TodayCRI EnglishSINA EnglishGlobal TimesChinadaily.com.cn Taiwan.cn Ecns.cn Show ChinaChina Human RightsChina XinjiangTibet OnlineCCTV Beijing Review GMW.cnChina Economic Net
China Tibet Online
Qiushi JournalWomen of China
Consulate General in New York.link_content{overflow:hidden;}
About Peoples Daily Online |Join Us | Contact Us
people.cn © Peoples Daily OnlineBingCW.Init({AppID:"http://english.peopledaily.com.cn/",ContentArea:"p_content,p_title",MachineTranslation:true,WebDefinition:true
})

Leave a Reply

Your email address will not be published. Required fields are marked *

three + fifteen =