- PBOC: Will continue to step up loans to private companies
Market news
31 August 2023
PBOC: Will continue to step up loans to private companies
The People’s Bank of China (PBOC) announced on Thursday that it “will continue to step up loans to private companies,” in other efforts to boost the private sector economy.
Additional takeaways
Will use stocks, bonds to deal with risks of private property developers in a prudent manner.
Will encourage and guide institutional investors to buy bonds of private firms.
Will support IPO and refinancing of private firms.
Beijing on Sunday announced halving the stamp duty on stock trades, the first cut to the tax since 2008, to boost investor sentiment.
Related reads
- USD/CNH Price Analysis: Yuan buyers attack 7.2880–60 confluence on upbeat China NBS Manufacturing PMI
- China's NBS Manufacturing PMI improves to 49.7 in August vs. 49.4 expected
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