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
Topic |   Coronavirus outbreak
Chinese regulators want to boost bank lending and lower financing costs, particularly for smaller and private companies. Photo: EPA-EFA
READ FULL ARTICLE