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China to Boost Equity Financing to Reduce Loan Reliance: Daily

CHINA PRESS

China needs to raise the proportion of direct financing from capital markets, particularly equity financing, to avoid an excessive reliance on bank borrowing, the Securities Daily reported citing an article by PBOC Governor Yi Gang. Bank loans currently play the major role in financing China's real economy, placing large risks on banks, and this is not an efficient use of financial resources, Yi said. China will implement the stock issuance registration system and establish a normalized delisting mechanism, the Daily reported citing the government's 2021-2025 Plan.

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