Moreover, it should offer more measures and various instruments for financial institutions to adjust their asset and liability structure and create a favorable market environment for their reform so as to enable them to transform their operating mechanism through market-based means and become micro financial entities commensurate with the market-oriented economy. III.
Some reflections on accelerating the inter-bank bond market development In order to further develop the inter-bank bond market, under the guidance of the central government and the State Council, the PBC will deepen the reform with the priority in financial product innovation by following the principles of market economy and relying on the initiatives of market participants.