PBOC signs deals
By Zhang Fengming |
May 17, 2011, Tuesday
|
Print Edition
Print Edition
THE People's Bank of China has signed deals with the governments of Shanghai and neighboring provinces of Zhejiang and Jiangsu to encourage the creation of a loan transfer market in the Yangtze River Delta Region, the central bank said on its website yesterday.
The move is to better leverage the credit resources in the affluent region in building up a more matured financial system, the PBOC said.
The move is to better leverage the credit resources in the affluent region in building up a more matured financial system, the PBOC said.
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