The central bank has underscored the importance of an improved credit structure that supports technological innovation and contributes to the reduction of carbon emissions, aligning with China’s broader environmental goals. Furthermore, the PBOC has confirmed its plans to increase the financial market opening-up. This strategic move includes enhancing the participation of foreign investors in China’s bond market, which is expected to foster a more globally integrated financial environment.
In addition to market liberalization efforts, the PBOC is concentrating on the internationalization of the yuan. This initiative aims to elevate the Chinese currency’s role in the global financial system and is part of a broader strategy to improve financial services for both domestic and overseas market participants.
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Source: Economy - investing.com
