Central bank governor Pan Gongsheng said in Beijing on Friday that as long as inflationary pressures remained manageable, the bank would make sure that private sector financing costs stayed low for an extended period.
“In recent years, we have designed a number of structural monetary policy instruments, such as the lending facility for small and micro enterprises and the re-lending facility for scientific and tech innovation,” financial news site Yicai.com quoted Pan as telling executives from five top private businesses.
“We will continue to fully leverage those tools this year,” he said at the meeting that also included financial regulators.
“Financing channels such as equities, bonds and loans will be further unblocked, and there will be an increase in financial resource allocation, to deepen and sharpen financial services for private enterprises.”
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Chinese President Xi Jinping holds rare meeting with China’s top entrepreneurs amid US tech rivalry
Chinese President Xi Jinping holds rare meeting with China’s top entrepreneurs amid US tech rivalry
