August 5, 2019 / 4:16 AM / 4 months ago

China says will deepen regional financial reforms

BEIJING, Aug 5 (Reuters) - China will deepen its regional financial reforms, using various policy tools to lower corporate funding costs, especially for small firms, Chen Yulu, a vice governor of the People’s Bank of China, said on Monday.

Authorities also will pay more attention to preventing and resolving regional financial risks, Chen told a media briefing.

China will further open its financial industry and financial markets in a prudent way, Huo Yingli, a official with the central bank, told the briefing.

China also will enhance the yuan’s convertibility on the capital account, Hou said. (Reporting by China Monitoring Desk and Kevin Yao; Editing by Kim Coghill)

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