PBOC's Xiaoling on informal financing

In the speech 'Relax control on informal financing to promote resource allocation' given on 17 February (published 18 April), Wu Xiaoling of the People's Bank of China said China's financial sector is not flexible enough to accommodate the relatively fast and strong growth of China's economy with the main reason lying in the excessive financial restrictions.

"In the transitional period of China's economy, due to factors such as weak self-discipline of market participants, public low awareness of

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