Chinese government found China Development Bank, The Export-Import Bank of China and Agricultural Development Bank of China in 1994, so we formulated a new financial structure that central bank control“aggregate balance”, commercial banks pursue“economic profit”, policy-banks implement“structure variation”. We can guide social investment, and promote better allocation of resources. China\'s financial system is a significant step forward and has special significance.
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Central Banks can adjust their policy Settings swiftly to shifts in the business cycle, but politicians can take an age to agree upon and implement changes to taxes and to public spending.
各央行可以快速调整其政策设置来适应商业周期的转变,而政客们在税收和公共开支的变革方面达成一致并实施要花很长的时间。
Other banking financial institutions except policy banks may implement the present Opinions by reference.
除政策性银行外,其他银行业金融机构可参照执行。
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