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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- Source: https://www.forexlive.com/centralbank/pboc-says-itll-boost-loans-to-private-firms-encourage-bond-buying-and-more-20230831/
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