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The People's Bank of China announced the establishment of the Bond Market Non-Bank Large-Scale Redemption Swap Facility (BNSF) to support financing by relevant institutions and absorb redeemed assets under specific systemic pressure scenarios.
Pan Gongsheng, Governor of the People's Bank of China, stated that it will track the macroeconomic effects of artificial intelligence and support the AI industry's development, while prudently advancing the application of AI in the financial sector.
Visa Received approval from the People's Bank of China to prepare a bank card clearing institution in China; it will subsequently complete the preparation and seek to conduct bank card clearing business.
According to disclosures on the official website of the People's Bank of China, the central bank explained its CNY exchange rate policy position, reiterated that it does not engage in competitive currency depreciation, and said that 2017 years later it exited routine foreign exchange intervention.
The central bank's Monetary Policy Committee September 19 held a regular meeting, proposing coordinated management of incremental and existing policies, maintaining ample liquidity, and advancing reform of the monetary policy operating framework.