Chinese regulators want to boost bank lending and lower financing costs, particularly for smaller and private companies. Photo: EPA-EFA
Chinese regulators want to boost bank lending and lower financing costs, particularly for smaller and private companies. Photo: EPA-EFA

Coronavirus: China’s central bank will use ‘variety of measures’ to cut loan costs for firms

  • The People’s Bank of China will use monetary tools to ensure banks have sufficient liquidity, while also implementing interest rate reforms
  • Deposit benchmark rate will also be leveraged to help small businesses cope with impact of the pandemic

Chinese regulators want to boost bank lending and lower financing costs, particularly for smaller and private companies. Photo: EPA-EFA
Chinese regulators want to boost bank lending and lower financing costs, particularly for smaller and private companies. Photo: EPA-EFA
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