November 22, 2017 / 2:11 AM / a year ago

China central bank governor says to strengthen policy coordination nationwide: state media

China's central bank governor Zhou Xiaochuan speaks during a session on the second day of the 19th National Congress of the Communist Party of China at the Great Hall of the People in Beijing, October 19, 2017. REUTERS/Thomas Peter

SHANGHAI (Reuters) - China’s central bank governor said the nation will strengthen policy coordination between central and local financial regulators, the official People’s Daily reported on Wednesday.

The paper published a commentary by Zhou Xiaochuan saying that markets should play a decisive role in financial resources allocation.

The commentary first appeared on the official website of the People’s Bank of China (PBOC) on Nov 4.

Reporting by John Ruwitch; Writing by Engen Tham; Editing by Shri Navaratnam

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