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MNI BRIEF: PBOC Enhances Supports To Key Sectors

MNI (Singapore)
(MNI)Beijing

The PBOC plans to use monetary policy tools to support a range of key sectors.

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The People’s Bank of China will make good use of relending preferential measures to support five key areas, the central bank said in a statement on Tuesday.

The Bank will “effectively and fully” utilise monetary-policy tools, expand bank loans and manage existing loans to ensure supportive polices channel to certain sectors, including technology, green growth, small business, ageing and digital.

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The People’s Bank of China will make good use of relending preferential measures to support five key areas, the central bank said in a statement on Tuesday.

The Bank will “effectively and fully” utilise monetary-policy tools, expand bank loans and manage existing loans to ensure supportive polices channel to certain sectors, including technology, green growth, small business, ageing and digital.

Keep reading...Show less