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Challenges
Central bank Governor Yi Gang set the major policy tone in an article earlier this month. Yi said that monetary policy should maintain its use of conventional monetary tools. Subzero interest rates or quantitative easing will not be considered. Maintaining price stability is now the priority for monetary policy.
Chairman Geng Jinhai,
Cathay Bank and Morning Light Foundation created their financial aid programs in 2015 and 2016, respectively, to help undergraduates and master students in the Golden State. The Morning Light Foundation also opened its program to assist American-born Chinese students for the first time this year.
Central banks, especially in emerging countries, were keen to boost forex reserves after the 2008 global financial crisis in order to maintain strong capability to intervene in support of their national currencies as well as limit external vulnerabilities.
来源：资阳报