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PBOC's Pledged Supplemental Lending Rose In October - Herald

CHINA PRESS
MNI (Singapore)

The People’s Bank of China’s Pledged Supplemental Lending (PSL) facility increased a net CNY154.3 billion in October, accelerating from September’s CNY108.2 billion, the 21st Century Business Herald reported. PSLs were provided to three policy banks to help boost lending in targeted areas, with the PBOC providing funds equal to 100% of the loan principal, the newspaper said. Some analysts believe the PSL was used to help property developers deliver unfinished projects or to fund infrastructure construction of underground pipeline and water conservation projects, the newspaper said.

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