PBoC pushes more lending by buying micro loans

Renminbi_RMB_PBoC_575px_Adobe_29May20
By Rebecca Feng
02 Jun 2020

The People’s Bank of China said it will buy Rmb400bn ($56bn) of inclusive loans given by banks to small and micro enterprises. The move can spur the country’s lenders to boost new lending to small businesses by as much as Rmb1tr.

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