Pedestrians walk past the People's Bank of China (PBOC) headquarters in Beijing, China, on Thursday, March 9, 2017. China's central bank plans to apply a stricter method for assessing banks' capital as part of efforts to contain financial-sector risks, people with knowledge of the matter said. Photo: Bloomberg

China’s next central bank governor will have an unenviable job

Unlike most central banks, the PBOC has no fundamental insulation from politics, and lacks a transparent, predictable, rules-based framework for setting monetary policy and priorities.

Topic |   People’s Bank of China

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Pedestrians walk past the People's Bank of China (PBOC) headquarters in Beijing, China, on Thursday, March 9, 2017. China's central bank plans to apply a stricter method for assessing banks' capital as part of efforts to contain financial-sector risks, people with knowledge of the matter said. Photo: Bloomberg
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