BEIJING: China will deepen its regional financial reforms, using various policy tools to lower corporate funding costs, especially for small firms, Chen Yulu, a vice governor of the People's Bank of China, said on Monday.
Authorities also will pay more attention to preventing and resolving regional financial risks, Chen told a media briefing.
China will further open its financial industry and financial markets in a prudent way, Huo Yingli, a official with the central bank, told the briefing.
China also will enhance the yuan's convertibility on the capital account, Hou said.
source https://www.thesundaily.my/business/china-c-bank-says-will-deepen-regional-financial-reforms-ND1216870
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