(Yicai Global) April 1 -- China’s central bank will select eligible regions for various pilot projects in fintech, inclusive finance and green finance, according to one of its deputy governors.
The People’s Bank of China will continue to increase support for regional coordinated development and financial reform, Liu Guiping said at a press conference today.
The PBOC will use monetary and credit policy tools and carry out pilot reforms and innovations in fintech and green finance to drive the development of rural and underdeveloped areas, Liu said.
The bank will also promote financial support for the coordinated development of the Beijing-Tianjin-Hebei region, the development of the Yangtze River Economic Belt, construction of the Greater Bay Area, and the integration of the Yangtze River Delta region to improve the quality of financial services for the real economy and regional coordinated development.
In addition, Liu said the PBOC will increase financial support for the construction of free trade pilot zones and free trade ports to promote pre-entry national treatment and the use of negative list management for foreign investment.
Editor: Tom Litting