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PBOC To Increase Financial Support For Rural Revitalisation

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will use re-lending and re-discount tools to encourage financial institutions to issue special financial bonds to promote the revitalisation of rural areas, a document released by the PBOC and four other departments said. The measures will also support agricultural-related enterprises to issue financing instruments, and increase coordination among government, banks and enterprises to improve financing services, the statement said.

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