China’s Central Bank to Set up Credit Market Department

What’s new: China’s central bank will set up a credit market department, focused on supporting the five priorities of technology finance, green finance, inclusive finance, pension finance and digital finance, the People’s Bank of China (PBOC) governor Pan Gongsheng said at a press conference Wednesday.

One of the priorities for 2024 is to increase financial support for major strategic areas, priority areas and weak areas, Pan said.