数据造假危害深 失信企业与环保部颜面何在？

China raised the macro-prudential adjustment parameter for cross-border financing of corporates and financial institutions to 1.75 from 1.5 on Monday, this move will help boost confidence in the yuan, China's currency, experts said.

The People's Bank of China, the country's central bank, and the State Administration of Foreign Exchange announced in a joint statement on Monday the decision to raise the parameter, this allows Chinese companies and financial institutions to borrow more from overseas and therefore boost onshore foreign exchange liquidity.

The move is aimed at expanding the cross-border funding sources of enterprises and financial institutions and encouraging them to optimize their asset-liability structure, the statement said.

Reinforcing the policy signal of stabilizing the yuan exchange rate, the China FX Committee, the guiding body of the self-discipline mechanism of China's foreign exchange market, held a meeting recently, the PBOC said on Monday.

It was decided at the meeting that the committee will guide foreign exchange market participants to strictly implement self-regulatory standards and will promptly take measures against behaviors that disrupt market order or maliciously mislead the public in violation of self-regulatory norms.

Meanwhile, members of the foreign exchange market self-regulatory mechanism should prioritize serving the real economy as their primary task, strive to provide a stable exchange rate environment for enterprises and residents and avoid exacerbating pro-cyclical behaviors, the meeting stressed.