The People’s Bank of China’s (PBOC) annual research conference for 2019 has signalled further measures to improve finance in rural areas as well as expand financial inclusion.
PBOC convened its 2019 research work conference on 8 April, which pointed out that “at present the world faces major changes, opportunities and challenges that haven’t been seen for a century.”
PBOC said that it would “make deepening supply-side structural reforms the main line, and focus on the four core factors of modern financial system efficiency, stability, inclusiveness and openness.”
The Chinese central bank committed to “continual deepening of innovation and research work in the areas of green finance, rural village finance and financial inclusion, and actively driving the establishment of state-level high-end think tanks.”
