Free Trial

PBOC To Help Expand Credit, Boost Investment - Journal

CHINA PRESS
MNI (Singapore)

The People’s Bank of China is expected to further promote credit expansion with structural tools and increase the quota of policy bank-backed financial instruments to boost investment, China Securities Journal reported citing analysts. The PBOC may launch re-lending program to support the consumption of new energy vehicles, or provide discounts on the interest rate of re-lending program for technological innovation, the newspaper said citing Zhong Zhengsheng, chief economist of Ping An Securities. Another key focus of monetary policy is to help accelerate investment with supporting finance. As of October, a total CNY740 billion of policy bank-backed financial instruments were issued and there could be additional quotas announced, the newspaper said citing Ming Ming, chief economist at CITIC Securities.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.