PBoC looks to fund small biz with second TMLF

Rebecca Feng

April 24, 2019 10:15 am

pboc 230px. — People walk past the China's central bank or People's Bank of China in Beijing Tuesday, Aug. 11, 2015. China devalued its tightly controlled currency on Tuesday following a slump in trade, triggering the yuan's biggest one-day decline in a decade. (AP Photo/Andy Wong) | Andy Wong/AP/Press Association Images

The People’s Bank of China (PBoC) rolled out a Rmb267.4bn ($39.8m) one year targeted medium-term lending facility (TMLF) on Wednesday. The move echoes a push by Chinese regulators for commercial banks to lend more to small and micro-sized enterprises.

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Rebecca Feng