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PBOC To Launch New Re-lending For Logistics

CHINA PRESS
MNI (Singapore)

The People’s Bank of China will soon launch a CNY100 billion re-lending programme to support transport, logistics and warehousing finance to smoothen the impact of pandemic curb measures, according to an article by the research wing of the PBOC’s Monetary Policy Committee published on a WeChat blog. Re-lending and re-discounts will be used to strengthen wholesale and retail sectors, hotels and catering and tourism with targeted tools to inject liquidity and boost credit, the article said. By end-March, the national re-lending and re-discount balance reached CNY2.47 trillion, according to the article.

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