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Chinese Banks Asked to Increase Lending to Manufacturers

CHINA PRESS
MNI (Sydney)

China's top banking regulator intends to guide banks to portion more loans, particularly long-term lending, to manufacturers, the Shanghai Securities News reported citing the China Banking and Insurance Regulatory Commission. The CBIRC also encourages banks to negotiate independently with small manufacturers to extend their loan repayment period. National commercial banks are encouraged to write off non-performing loans in the manufacturing sector, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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