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Chinese Banks Urged To Increase Support For Manufacturers-Times

CHINA PRESS
MNI (Singapore)

Large state-owned banks are required to tilt resources to manufacturing enterprises and promote the continued rapid growth of medium and long-term loans to the manufacturing industry, Securities Times reported citing a document by the China Banking and Insurance Regulatory Commission released on Monday. For key automobile and home appliance manufacturers, it is necessary to optimise the foreign trade financial services to support their overseas expansion, the newspaper said. For manufacturers with good credit but temporarily in distress due to the pandemic, banks should avoid blindly withdrawing or suspending loans, the Daily said.

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