More liquidity support
By Jane Feng |
July 2, 2013, Tuesday
|
Print Edition
Print Edition
CHINA'S central bank yesterday expanded liquidity support for small businesses and agricultural-related services by promising to buy 12 billion yuan (US$1.96 billion) of bills from commercial banks.
Some branches of the People's Bank of China have been granted the rediscount quota to support economic restructuring, the bank said in a statement.
The move comes as the PBOC bids to improve credit structure and raise liquidity for financial institutions that meet prudent conditions, it said.
Some branches of the People's Bank of China have been granted the rediscount quota to support economic restructuring, the bank said in a statement.
The move comes as the PBOC bids to improve credit structure and raise liquidity for financial institutions that meet prudent conditions, it said.
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