- PBoC’s Vice Governor Pan: We must step up monetary and credit policy support
Market news
2 June 2020
PBoC’s Vice Governor Pan: We must step up monetary and credit policy support
- China still has policy space for normal monetary policy to support economy
- Economic impact from COVID-19 outbreak has exceeded expectations
- New innovative policy tools to boost small banks' lending to small firms are short-term policy arrangements, not QE
- Chinese banks' asset quality could be affected as economy faces downward pressure
- Big banks should also step up lending to small firms, although they won't get policy support
- Small banks will get interest-free loans based on 40% of their lending to small firms via innovative policy tools
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page