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PBOC Governor Yi Gang has urged banks...>

CHINA PRESS
CHINA PRESS: PBOC Governor Yi Gang has urged banks to refer to the new LPR
pricing for new lending in a bid to lower real lending rates, according to a
statement on the PBOC website. Yi said banks should break through the implicit
lower limit of loan interest rates, and optimise credit structures to provide
financial support to small private companies, and to firms in the manufacturing
and service sectors. Yi met with 24 major banks on the LPR issue on Monday.

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