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Guide Banks To Support Real Economy - Yi Gang

CHINA PRESS

Authorities should guide banks to support the real economy after becoming increasingly cautious lenders, according to Yi Gang, former governor at the People’s Bank of China. Yi, speaking at a recent seminar, said officials need to increase capital investment in society, promote the use of long-term funds such as insurance, pensions, corporate annuities, and further develop equity investment. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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