China Pledges to Keep Financing Costs Low for Private Companies

China’s central bank said it will help keep financing costs in check for private companies, in the latest move by the nation to give the sector a freer hand.

As long as the inflationary pressure in China is not significant, the financing costs of private enterprises will be ensured to remain at a relatively low level over a relatively long period of time, media outlet Yicai reported on Sunday, citing Pan Gongsheng, governor of the People’s Bank of China. Pan reiterated the nation will implement moderately loose monetary policy and maintain ample market liquidity, according to Yicai.