The Chinese central bank, PBOC, came out with a brief statement on Thursday, responding to the International Monetary Fund’s (IMF) review of the Chinese financial system.
Key Points via Reuters:
IMF report stress test comments, not the full picture.
China to further promote financial sector reform.
China to further prevent risks in the finance industry.
China financial system shows strong ability to resist risk.
China is less likely to underestimate bad loan ratio.
IMF report on China's financial system is objective, pertinent.
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