China's central bank calls for stronger defences against financial crisis

China's central bank calls for stronger defences against financial crisis

FILE PHOTO: Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo

China should accelerate legislation of the Financial Stability Law and improve other legal arrangements designed to prevent and dispose of financial risks, three officials from the People’s Bank of China (PBOC) wrote in China Finance, a publication affiliated to the central bank.