China Plans to Revise Law Governing the Central Bank This Year
The People's Bank of China (PBOC) headquarters in Beijing, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s top legislature said it plans to revise the law governing the People’s Bank of China this year, amid a broadening of the central bank’s role in recent years.
The National People’s Congress has listed the revision of the PBOC law on its to-do list for 2020, according to its work report released Monday. While no details or timetable were given, some NPC delegates had suggested the central bank strengthen its role in risk management and policing of financial institutions, according to earlier media reports.