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
manner - 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