China's central bank will step up the implementation of a sound monetary policy for better support to the economy, according to People's Bank of China (PBOC) governor Yi Gang, who recently said PBOC will advance the development of the transition finance framework and promote the joint implementation of the G20 Sustainable Finance Roadmap.
This will enable the country’s financial sector better support carbon emission peak and carbon neutrality objectives, Yi said addressing the 3rd G20 Finance Ministers and Central Bank Governors Meeting last week.
The meeting, under the Indonesian presidency, was held in Bali on July 15 and 16, in a hybrid mode. PBOC governor Yi and deputy governor Chen Yulu participated via video conference, according to official Chinese media reports.
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