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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.
- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessMNI BRIEF: PBOC To Tap Structured Tools To Support Small Firms
The People's Bank of China will continue to tap its structured policy tools in the next five years to boost credit to small and private companies that are at a disadvantage, wrote Liu Guoqiang, the Vice Governor of the People's Bank of China.
Liu referred to two new tools in the article published by the PBOC's China Finance magazine - the PBOC's CNY40 billion re-lending program to encourage commercial banks to postpone loan repayments for small firms to the end of March 2021 and a CNY400 billion fund for commercial banks to provide loans to small companies lacking collateral. Thanks to policies, outstanding lending to small firms grew 30% year-on-year by the end of October, the highest on record, while commercial banks have extended repayment periods for principal amounts and interest totalling CNY4.7 trillion, Liu wrote.
Liu also urged adjustments to special policies announced amid the pandemic to ensure a smooth transition to the post-Covid period and said China will improve on the monetary policy mechanism to ensure that the growth rate of social financing and M2 matches that of nominal GPD in the next five years.
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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.