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China Banks Set to Expand Lending This Year: PBOC Newspaper

MNI (Singapore)

China’s commercial banks are likely to increase overall credit growth in 2022, with more lending to infrastructure, manufacturing and supporting SMEs, the PBOC-run Financial News reported citing experts including researcher Du Yang at the Bank of China. The newspaper highlighted a recent meeting by the China Banking and Insurance Regulatory Commission, which voiced support for infrastructure, technology and green finance. Banks will support local governments, tasked by the central government to help stabilize growth, Financial News said.

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