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Published on Wednesday, December 30, 2015

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China | PBoC announces launch of new macro-prudential assessment system to curb risks

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Summary

The People’s Bank of China (PBoC) announced that it would introduce a new mechanism to address risks in the financial system, starting from 2016. The new Macro-Prudential Assessment System (MPA) will enable the PBoC to evaluate a broader range of credit products, in turn strengthening the PBoC's supervision of the entire financial system.

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