The new tool rolled out by the PBOC.....>

CHINA PRESS: The new tool rolled out by the PBOC Weds, targeted medium-term

lending facility (TMLF), can be seen as a targeted interest rate cut for small

and private companies, as it offers a lower interest rate and longer term of

maturity in comparison to the current MLF, a report published by GF Securities

Thursday said.

- The tool aims to reduce the financing costs of private and small companies.

While the government also intends to stabilize the employment market by

supporting SMEs, the report said.

- The introduction of TMLF indicates that the authority will adopt a neutral to

slight easing in monetary policy for the year ahead, the report said.