PBoC pushes more lending by buying micro loans

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.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial