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MNI BRIEF: NFRA To Promote Credit Expansion, Unblock Funds

MNI (Singapore)
MNI (Beijing)
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China’s top financial regulator said it will guide banking institutions to increase credit supply, optimize credit structure and unblock funds into the real economy, while meeting reasonable real estate financing demands.

Liu Zhiqing, spokesman of the National Financial Regulatory Administration said at a press conference on Thursday that financial resources will be tilted towards supporting the development of technology, green, SMEs, elderly care and digital economy.

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China’s top financial regulator said it will guide banking institutions to increase credit supply, optimize credit structure and unblock funds into the real economy, while meeting reasonable real estate financing demands.

Liu Zhiqing, spokesman of the National Financial Regulatory Administration said at a press conference on Thursday that financial resources will be tilted towards supporting the development of technology, green, SMEs, elderly care and digital economy.

Keep reading...Show less