China Central Bank Meets With Private Firms, Pledges Funding
- PBOC drafting policies to improve firms’ access to funding
- Pan says it’s political task for banks to boost support
The People's Bank of China (PBOC) building in Beijing, China.
Source: Bloomberg
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The People’s Bank of China met with lenders and private businesses on Wednesday, pledging to improve their access to funding in an effort to boost economic growth.
Governor Pan Gongsheng called on financial companies to better support private firms and promised to increase financial resources to them, according to a statement from the central bank on Thursday.