The PBOC will make policies more forward-looking, flexible and effective, maintain proper control over the floodgate of money supply and keep liquidity at a reasonable and abundant level. [Photo/VCG]
The NFAP report was first spotted by Axios.
The PBOC established a special work group in 2016 to tackle risks rising in internet financing businesses. In 2017, the government banned so-called "initial coin offerings" or ICOs, a way for startups to raise funds by selling off newly-created digital currencies. All trading platforms for such virtual assets have been closed in the country.
The PBOC will make well-designed cross-cyclical policies, and innovate and improve instruments of the structural monetary policy. It will guide financial institutions to step up support for the fields that are in line with the new development philosophy, and encourage them to continuously increase the number of first-time small business borrowers and increase the issuance of unsecured loans to small businesses, Sun said.
The Pacific Northwest data center boom continues, with The Oregonian’s Mike Rogoway reporting last week that Apple has struck a deal to invest 0 million and employ at least 35 people at a new data center in Prineville, Oregon. That town may sound familiar to those close watchers of data center news, since Prineville also happens to be home to a massive data center operated by Facebook. [Previously on GeekWire:?Facebook’s environmentally-friendly data center features high-tech cooling system].
The National Supervisory Commission has decided to dispatch a team to Wuhan, Hubei province — center of the novel coronavirus outbreak — to investigate issues involving Li Wenliang, a doctor who died of the disease on Friday morning.
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The PBOC has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.
The New Zealand-based multinational dairy cooperative Fonterra Co-operative Group Ltd. [Photo/fonterra.com]
The Newport Beach resident was among the dozens of concerned neighbors who flooded a federal courtroom Monday for a contentious hearing regarding the authorities' decision to relocate passengers from the cruise ship Diamond Princess in Japan to Costa Mesa's Fairview Development Center, but like many of her fellow Orange County residents, she felt that the majority of her questions had gone unanswered.
The National Development and Reform Commission (NDRC) approved a 41-billion-yuan project to expand the Urumqi International Airport in the northwestern Xinjiang Uygur autonomous region, according to the NDRC website.