China won't ban Yu'ebao: PBOC governor   

周小川:不會取締余額寶 監(jiān)管會更加完善

全國政協(xié)委員、中國人民銀行行長周小川4日接受記者采訪時表示，近期匯率變化是正常波動，并表示不會取締余額寶，對余額寶等金融業(yè)務(wù)的監(jiān)管政策會更加完善。[查看全文]

(ECNS)-- China will not ban Yu'ebao, an Internet finance product that allows Alipay users to conveniently transfer their balance into a mutual fund account for the interest, but will improve regulations on it, said the governor of the People's Bank of China on Tuesday.[Special coverage]

Zhou Xiaochuan made the remarks at a panel discussion of the Chinese People's Political Consultative Conference (CPPCC).

An improved and full-fledged supervisory policy will be introduced to regulate the emerging industry, Zhou added.

The recent fluctuation of exchange rate is normal, Zhou said.

Allowing users to channel their money to money market funds with high returns and almost zero threshold, Yu'ebao has attracted 81 million users, with aggregate deposits estimated at around 500 billion yuan ($81 billion).