Banking Policies For High Quality Growth - Dongguan City

The local government of Dongguan, an industrial city in the Pearl River Delta, has detailed policies for banks to support high-quality economic growth. Local authorities want the finance industry to increase medium- and long-term lending to manufacturing and ensure the growth of credit to the sector exceeds the average rate for the wider economy. A report produced by the local government noted financial support for the development of key industrial chains should be improved and banks establish manufacturing centres and manufacturing officers. Finance should ensure industry and capital are deeply integrated, according to the report. (Source: 21st Century Herald)