Central Bank Official Touts Membership in London-Based Development Bank

(Beijing) – China's membership in the European Bank for Reconstruction and Development (EBRD) will help link its firms and financial institutions to projects backed by the well-established development bank, a senior central bank official says.

Yin Yong, an assistant governor of the People's Bank of China (PBOC), said joining the EBRD can also facilitate cooperation between EBRD and China-led multilateral initiatives such as the Asian Infrastructure Investment Bank (AIIB) to address funding shortfalls in emerging economies.