BEIJING (Reuters) - A China central bank adviser said the country should let its Financial Stability and Development Commission coordinate fiscal, monetary policies and Macro Prudential Assessment(MPA), a financial news outlet affiliated to Xinhua News Agency reported on Tuesday.
Ma Jun, policy adviser to the People's Bank of China, told the news outlet that regulators should further improve targeted reserve requirement ratio (RRR) cuts and the MPA mechanism to better serve smaller firms.
(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)