People's Bank of China: Make good use of bond market tools to maintain financial market stability

The People's Bank of China stated that it will make good use of the non-bank large redemption swap facility in the bond market to maintain the stable operation of financial markets such as stocks, bonds, and foreign exchange. The central bank will actively and prudently prevent and resolve financial risks, improve the systemic financial risk prevention and disposal mechanism, and strengthen financial risk monitoring, assessment, and early warning.