Chinese Economy: Yi: China may enhance macro-prudential assessment
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Looking at China's financial sector now. The vice governor of the People's Bank of China says that the government will consider including shadow banking, property financing and internet financing in its macro-prudential assessment.
Vice governor Yi Gang said in a financial publication on Monday that the world's second-biggest economy still has problems and hidden dangers. Yi said that's because China's debt levels are remaining high while asset bubble risks have not yet been fully contained. Yi said the central bank will maintain prudent and neutral monetary policy while seeking to increase flexibility and effectiveness of liquidity management. The vice governor also said that China has the conditions to keep the yuan basically stable.