By injecting FX reserves and specifying bond credit policies, the PBC provided funding support for the reform of developmentoriented and policy-backed financial institutions to improve their capital adequacy, and formulated charters of CDB, CEXIM and ADBC to facilitate improvements to their corporate governance structure and risk prevention and control system.
Through a series of reforms, the PBC further enhanced the policy-related functions of CEXIM and ADBC, clarified CDB’s position as a development-oriented financial institution, significantly strengthened the capital base and resilience of the three institutions, and remarkably improved their governance structure and constraint mechanism. Reforms of Market-based Interest Rate and Exchange Rate Steadily Promoted Market-based interest rate reform has made significant breakthroughs.