Boosting financial support for private firms: the People's Bank of China takes action
<p>The People's Bank of China has issued a notice to strengthen financial support for private firms</p><p>
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support private enterprises in listing and financing, mergers and
acquisitions, and restructuring</li><li>
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to use monetary policy tools, fiscal subsidies to incentivize
financial institutions to service private companies</p></li><li><p>
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China supports M&As, IPOs, refinancing by private firms</p></li><li><p>
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vows to boost bond issuance by privately owned firms</p>
<br><p>More:</p></li></ul><p><br></p><p>
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encourage lenders to not to cut or suspend loans for private
companies facing temporary difficulties but have competitive
technologies</li><li>to reasonably meet
the financing needs of private property companies</li></ul>
<br><p><br></p><p><br></p><p>—</p><p>Indications of further support from the PBOIC is a positive for risk assets related to China, such as CHinese stocks, AUD etc. </p>
<br><figure data-media-><img src="https://images.forexlive.com/images/PBoC_id_883a1513-041c-4c95-a33b-28b5eb8585eb_original.jpg" alt="PBoC" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/PBoC_id_883a1513-041c-4c95-a33b-28b5eb8585eb_original.jpg" /><figcaption><div>PBoC</div></figcaption></figure><p><br></p>
This article was written by Eamonn Sheridan at www.forexlive.com.
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