Economy Country October 23, 2024

Deputy Chairman of the National Authority for Foreign Currency Comments on the Economy

Hong Yan, Deputy Chairman of the National Authority for Foreign Currency, provides statements regarding the current economic situation in China and its effects on the markets.


Deputy Chairman of the National Authority for Foreign Currency Comments on the Economy

Li Khunyans, the deputy chair of the National Bank's foreign exchange regulation, stated on Tuesday... She stressed the importance of liquidity and stability in the banking sector, noting that these indicators have become even more significant during this period of major economic challenges. She emphasized that it is necessary to adopt decisive measures to ensure the stability of the country's financial system. "Our main task now is to ensure the sustainability of the financial system and to guarantee the liquidity of banks," Li noted. She also added that the National Bank will continue to closely cooperate with regulators and create favorable conditions for banks in a time of uncertainty.