China’s central bank is pinning its hopes of fending off a financial crisis on a home-grown macro risk assessment system. Photo: Reuters
China’s central bank is pinning its hopes of fending off a financial crisis on a home-grown macro risk assessment system. Photo: Reuters

China banking on home-grown system to keep financial crises at bay

Macro prudential assessment system created after the 2008 global financial crisis, which conventional monetary policy frameworks failed to prevent

China’s central bank is pinning its hopes of fending off a financial crisis on a home-grown macro risk assessment system. Photo: Reuters
China’s central bank is pinning its hopes of fending off a financial crisis on a home-grown macro risk assessment system. Photo: Reuters
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