Guideline issued to stabilize capital flows
By Chen Jia and Zheng Yangpeng | China Daily | Updated: 2013-07-06 07:10
A specific guideline to stabilize capital flows was issued by the central government on Friday. It particularly encourages more private funds to take part in reform of financial institutions at various levels.
The State Council, or the nation's cabinet, said China's financial system and economy are "stable and sound", with risks under "good control".
To guarantee the efficient use of credit and to support rebalancing of the economy, the State Council guideline contains 10 key points:
Photo
