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China's Central Bank Urges Credit Market Reform, Focuses on Long-Term Bond Yields

2026-07-08 10:55:20

According to China's central bank, on July 8, the People's Bank of China's monetary policy committee held its Q2 meeting and urged standardization of credit market practices and lowering of financing costs to keep social comprehensive financing rates at lower levels. The committee also emphasized monitoring long-term bond yield changes from a macroprudential perspective and enhancing foreign exchange market resilience to maintain yuan stability.

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