Measures by the People's Bank of China to Maintain Stable Financial Market Operations

The People's Bank of China stated that it will effectively utilize the non-bank large redemption swap facility in the bond market to actively and prudently prevent and resolve financial risks. It aims to build a comprehensive macro-prudential management system, improve the mechanism for preventing and handling systemic financial risks, expand the macro-prudential and financial stability functions of the central bank, and implement monetary policy tools that support the capital market. The bank will strengthen financial risk monitoring, assessment, and early warning, enhance the judgment of systemic financial risks, promote the establishment of an early correction mechanism for financial risks, and facilitate the orderly connection of risk disposal. It will reinforce the macro-prudential management of systemically important financial institutions and steadily broaden the additional regulatory coverage to the non-bank sector.

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