Free Trial

Major State-owned Banks Pledge Support For  Economy

MNI (Singapore)

Six major state-owned banks all issued statements late Sunday pledging their support for the economy after President Xi Jinping’s speech at the 20th CPC National Congress, National Business Daily reported. Bank of China said it will focus on supporting technology, green development, inclusive finance, cross-border business, consumption, wealth management, supply chain, and counties. Postal Savings Bank of China said it will boost credit supply in H2, increase the loan-to-deposit ratio and the proportion of credit assets.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.