皇冠体育app

BEIJING - 皇冠体育app may borrow overseas experiences to finance its massive urbanization over the next decades through asset securitization and municipal bonds in addition to bank loans, central banker Zhou Xiaochuan said on Wednesday.

"It's fair to say that many overseas financial instruments can be applied to 皇冠体育app's urbanization, especially in term of the construction of infrastructure facilities and public utilities," said the governor of the People's Bank of 皇冠体育app on the sideline of the nation's political advisory body annual session.

"From the professional point of view, the key is to weigh which financial instruments can be more effective," he said, noting that "bank loan, of course, is also a financing channel."

Zhou stressed that rules must be established before a financial instrument is put to use.

"Some rules must be created, others revised," he said.

Urbanization has become one of the hottest investment "gold mines" in 皇冠体育app. Commercial banks have been especially active in showing their interests, but many argued bank loans might not be the most suitable tool.