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PBOC's Ma Says China Weighing Impact of Shadow Banking Rules

  • Introduction of wealth management regulations would be gradual
  • Better economic conditions help PBOC to manage capital flows
A man rides a bicycle past the People's Bank Of China headquarters.
Photographer: Qilai Shen/Bloomberg
Updated on

China’s regulators will consider potential market impacts when they introduce additional regulations on the shadow banking sector, according to a top central bank researcher.

Any new rules on wealth management products and other asset management offerings will be rolled out gradually, Ma Jun, chief economist of the research bureau of the People’s Bank of China, said at an economic forum in Washington. The rebounding economy has created room for expedited structural reforms, Ma said.