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MNI BRIEF: PBOC Urges More Credit Support For SME Bonds

BEIJING (MNI)

China should provide more credit support for bonds issued by small and medium companies to boost their attractiveness, streamline the issuing process, and help develop the high-yield bond market to step up direct financing for such firms, a research paper published by the People's Bank of China said on Tuesday.

Outstanding bonds by SMEs accounted for just 1.3% of all bonds by 2019, according to the paper.

Beijing has prioritised support for SMEs, which have borne the brunt of the covid slowdown.

MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
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MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
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