China’s central bank is undergoing a major restructuring of its departments and personnel. Photo: Reuters

People’s Bank of China sets up department to improve financial oversight

  • New unit will help PBOC to build ‘a two-pillar framework consisting of monetary policy and macro-prudential assessment’, economist says
  • Agency will take over some of the duties of the Monetary Policy II Department, which has been disbanded
Topic |   People’s Bank of China

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China’s central bank is undergoing a major restructuring of its departments and personnel. Photo: Reuters
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