China

The People's Bank of China Outlines Financial Plan

Reforms include measures to encourage more private capital entry into the financial sector

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BEIJING, Sept. 17 (Xinhua)—The People's Bank of China, the country's central bank, on Monday released a financial reform plan for the 2011-2015 period.

The plan includes reforms regarding the marketization of exchange and interest rates and the convertibility of the yuan under China's capital account, as well as plans to encourage more private capital to enter the financial sector.

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