pboc speech, 2005-08-10
By shifting part of its operational functions to the PBC Shanghai Head Office and leaving the Head Office in Beijing with decision-making and policy formulation responsibilities, we can take advantage of the human resources in Shanghai to build a team of experts good at central bank operations, financial market analysis and financial products development, and form scientific and rational labor division in terms of policy decision procedure and administrative methods, so as to further strengthen the professional capacity of the central bank in macro-economic management.
Sentiment: neutral
Topic: governance