SHANGHAI :
China's Central Bank Should Employ Macro-Prudential Policies to Prevent Asset Prices Posing Financial Risks, Says Vice Governor of PBOC
Tang Shihua
DATE:  Nov 17 2017
/ SOURCE:  Yicai
China's Central Bank Should Employ Macro-Prudential Policies to Prevent Asset Prices Posing Financial Risks, Says Vice Governor of PBOC China's Central Bank Should Employ Macro-Prudential Policies to Prevent Asset Prices Posing Financial Risks, Says Vice Governor of PBOC

(Yicai Global) Nov. 16 -- China's central bank, the People's Bank of China (PBOC), raised the yuan-dollar central parity rate by 9 basis points today, following a cut of 23 basis points yesterday.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6277 versus the dollar, as against yesterday's 6.6286.

The onshore yuan-dollar spot exchange rate was 6.6327 at the official close yesterday, while the offshore spot exchange rate was 6.6273 at 9:25 am today.

Follow Yicai Global on
Keywords:   Financial Regulation,Central Bank,Macro-Prudential Policy