China’s central bank, the People’s Bank of China (PBOC), released its first stand-alone five-year plan in at least a decade on Monday, focusing on measures to build the country into a financial powerhouse. These are its key points:
1. Optimise monetary policy architecture
Refine market-driven interest rate and exchange rate mechanisms
Keep the yuan exchange rate basically stable
Proactively mitigate financial risks in key sectors
2. Boost financial support for the real economy
Target…