PBOC says it’ll boost loans to private firms, encourage bond buying, and more

People’s Bank of China statement of support for the Chinese economy:

  • Will continue to step up loans to private companies
  • Will use stocks,
    bonds to deal with risks of private property developers in a prudent
  • Will encourage and
    guide institutional investors to buy bonds of private firms
  • Will support IPO and
    refinancing of private firms

Pan Gongsheng, People’s Bank of China governor

This article was written by Eamonn Sheridan at www.forexlive.com. Source