Related News
Special central bank lending quota up
Print Edition
The People’s Bank of China raised the quota of special central bank lending by 300 billion yuan (US$46.44 billion) to provide stronger support for micro, small and medium-sized enterprises in difficulty.
The funds released will be channeled to eligible locally incorporated banks at preferential interest rates over the next four months. In turn, this will encourage the banks to issue more loans to micro and small businesses at rates around 5.5 percent on average, thus pushing down the financing costs of MSBs, the central bank said in a statement.
The 300-billion yuan central bank lending will be given in a reimbursement approach. The locally incorporated banks issue loans to MSBs and self-employed businesses before applying for the equivalent amount of this special central bank lending. Thus the PBOC’s lending policy will be targeted, providing direct support.
Central bank lending in support of MSMEs, such as with this special monetary tool designed to support financial institutions to issue MSB loans, has yielded positive results.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
