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China's stock markets dipped on Monday, with combined turnover hitting 206.78 billion yuan (.1 billion), a new low since two and a half years ago.
China's top leaders held a group study session last week to promote the supply-side reform of the financial sector, stressing the need to establish a standard, transparent, open, dynamic and resilient capital market.
Chinese State Councilor and Foreign Minister Wang Yi (R), who is currently in France for the 18th consultation of the coordinators for the China-France Strategic Dialogue, meets with Philippe Etienne, diplomatic adviser to the French President at the Elysee Palace, in Paris, France, Jan 24, 2019. [Photo/Xinhua]
China's total debt level declined in 2018, but its debt-to-GDP ratio－which stood at slightly above 250 percent as of the third quarter of 2018－is still "on the high side" among major economies, Schuknecht said.
China's treasury cash is held at the PBOC, or the central bank, but commercial banks also look after a part of it in the form of short-term deposits. Eligible commercial banks compete through a tender process for the right to take on the deposits.
来源：资阳报