China revises rules for PBoC’s monetary policy committee

New rules form part of Communist party’s drive to strengthen control over domestic financial sector

The People’s Bank of China, Beijing

The Chinese government has amended rules for the central bank’s monetary policy committee, including affirming the Communist party’s leadership over the MPC and clarifying its membership.

The State Council passed the changes at a meeting on December 18 and premier Li Qiang signed the executive order on January 13. The order and the details of the changes were made public on January 18.

The latest rule change follows last year’s overhaul of financial regulation. The slew of organisational and

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