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Relending to boost credit for small biz
The People's Bank of China, the central bank, will release all of the 300 billion yuan ($46.41 billion) new quota of relending funds to increase commercial banks' targeted credit supply to smaller businesses in the rest of this year, a senior official said on Tuesday.
September 8, 2021 -
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China's central bank to inject cash into smaller businesses
China's central bank will add 300 billion yuan (about 46.49 billion U.S. dollars) of reloan quota in the next four months to support small and micro firms and self-employed businesses, according to the People's Bank of China (PBOC) Tuesday.
September 8, 2021 -
