Published 2 years ago

China central bank urges more lending to small firms amid COVID shocks

Summary by Ground News

China's central bank said on Thursday it would promote more credit for smaller firms. People's Bank of China (PBOC) urged national banks to prioritise lending to central and western regions. China's economy weakened sharply in April and the nationwide survey-based jobless rate climbed to 6.1 per cent, the highest since February 2020.

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Reuters

China central bank urges more lending to small firms amid COVID shocks

BEIJING -China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken economy back on track. The People's Bank of China (PBOC) urged national banks in a notice to prioritise lending to central and western regions, as well as areas and sectors hit hard by

2 years ago·United Kingdom

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Channel News Asia

China central bank urges more lending to small firms amid COVID shocks

BEIJING :China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken economy back on track.The People's Bank of China (PBOC) urged national banks in a notice to prioritise le

2 years ago·Singapore

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Financial Post

China c.bank urges more lending to small firms amid COVID shocks

BEIJING -- China's central bank said on Thursday it would promote more credit for smaller firms and boost financial institutions' confidence to lend funds, as policymakers struggle to get the COVID-stricken economy back on track. Read More

2 years ago·Canada

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