MARKET NEWS
China's central bank sets up new financial stability committee - REUTERS
BEIJING, Aug 1 (Reuters) - China's central bank has set up a macroprudential and financial stability committee to help defuse financial risks, it said on Friday, pledging to maintain accommodative policy.
In its mid-year work summary, the People's Bank of China (PBOC) said it will focus on preventing and resolving key financial risks, supporting local government financing platforms in debt resolution, and managing risks in key regions and institutions in an orderly way.
