PBoC pledges more financial support for private firms

pboc building
The People’s Bank of China

Chinese financial regulators pledged to improve private businesses’ access to funding at a meeting with representatives from banks and private enterprises yesterday (August 30).

Officials from the People’s Bank of China (PBoC), China Securities Regulatory Commission (CSRC), and the National Administration of Financial Regulation, met with executives from banks, private businesses and the stock exchanges of Shenzhen and Shanghai, according to a PBoC statement.

PBoC governor Pan Gongsheng said

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