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China will push the financial industry to.....>

CHINA
CHINA: China will push the financial industry to sacrifice CNY1.5 trillion in
profits this year to support businesses through a variety of policy measures,
according to a statement on the State Council website. The statement, which
followed an executive meeting late Wednesday, said the measures would include
guiding bond interest rates lower, issuing cheaper loans, deterring loan
repayments for SMEs, and granting more unsecured loans to small companies and
cutting fees. The PBOC should also use reserve requirement ratio cuts and
relending tools to maintain ample liquidity and ease corporate funding
pressures, the statement read. 

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