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MNI BRIEF: PBOC's PSL To Fund Infrastructure - Media Report

MNI (Singapore)

China’s state policy banks will use the People's Bank of China's Pledged Supplementary Lending facility (PSL) mainly for investment in infrastructure and capital projects, according to a report by Chinese media outlet Caixin.

The report provided clarity on how the CNY108.2 billion credit line would be used after the PBOC announced on Monday it had restarted the PSL in September after a 2-year hiatus. (See MNI: PBOC Reactivates Policy Bank Lending Tool As Demand Lags)

Caixin also confirmed the funding is part of the CNY600 billion yuan infrastructure fund announced by the State Council in June and August, which was also previously not known.

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