PBOC turned to US Fed for input when Chinese stocks plunged last year

Beijing

AS Chinese stocks plunged last July, an official from the nation's central bank reached out to the Federal Reserve for information about how it handled the 1987 US equities crash, Reuters reported.

Song Xiangyan, the People's Bank of China's (PBOC) New York-based chief representative for the Americas, sent an e-mail to Steven Kamin, director of the international finance division at the Fed board in Washington, to ask how officials handled the stock plunge, Reuters reported, citing messages obtained through a US Freedom of Information Act request.