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CHINA PRESS: PBOC Could Create New Tools Aimed At Consumption

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China’s central bank should create structural tools to encourage financial institutions to issue consumer credit, expand household spending and facilitate investment and consumption balance, according to Wei Gejun, counsellor at the People's Bank of China, speaking at a recent PBOC meeting. China Galaxy Securities said the central bank may expand or create new structural tools to support technology, consumption and promote the property and stock markets. (Source: Yicai)

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China’s central bank should create structural tools to encourage financial institutions to issue consumer credit, expand household spending and facilitate investment and consumption balance, according to Wei Gejun, counsellor at the People's Bank of China, speaking at a recent PBOC meeting. China Galaxy Securities said the central bank may expand or create new structural tools to support technology, consumption and promote the property and stock markets. (Source: Yicai)