PBOC says it'll boost loans to private firms, encourage bond buying, and more | Forexlive

PBOC says it’ll boost loans to private firms, encourage bond buying, and more | Forexlive

Source Node: 2854867

People’s Bank of China statement of support for the Chinese economy:

  • Will continue to step up loans to private companies
  • Will use stocks,
    bonds to deal with risks of private property developers in a prudent
    manner
  • Will encourage and
    guide institutional investors to buy bonds of private firms
  • Will support IPO and
    refinancing of private firms

Pan Gongsheng, People’s Bank of China governor

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