China’s central bank to set up new credit market department

Unit will be tasked with guiding banks’ lending support for key areas of finance

china-currency

The People’s Bank of China (PBoC) will set up a department this year to steer lending towards areas that the authorities see as being key to economic growth.

The bank’s governor Pan Gongsheng said during a press conference on January 2024 that the new credit market department would focus on five areas: technology finance, green finance, inclusive finance, pensions finance and digital finance.

During last October’s Central Financial Work Conference, government officials stressed the need to step up

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.