The People’s Bank of China on Wednesday announced a new liquidity mechanism designed to make more money available for small businesses and private firms. Photo: AP
China offers low-cost loans to banks to help fund small businesses, shore up economy
- Central bank introduces new lending facility to boost liquidity ahead of interest rate increase in the United States
- The People’s Bank of China also extends banks’ credit line by US$14.5 billion
The People’s Bank of China on Wednesday announced a new liquidity mechanism designed to make more money available for small businesses and private firms. Photo: AP
