PBOC: IMF report on china's financial system is objective, pertinent

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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