BEIJING, July 31 (Xinhua) -- China will extend the transitional period for the implementation of its new asset-management rules by another year to ease the pressure on financial institutions due to the COVID-19 epidemic, the country's central bank announced Friday.
Under the adjustment, the transitional period for the new rules will conclude by the end of 2021, rather than the previous deadline of the end of 2020, the People's Bank of China (PBOC) said on its website.
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