China releases document to clarify statistical standards for five financial sectors

On 15/04/2024, the People's Bank of China (PBOC) announced a document to clarify statistical standards for five financial sectors. The document, issued in collaboration with other regulatory bodies, aims to standardize data collection and sharing among departments concerning technology finance, green finance, inclusive finance, pension finance, and digital finance. This effort is expected to provide strong support for the precise implementation of policy tools in these sectors, aligning with China's government work report focus on improving standards and foundational institutions.