China ICYMI – A PBOC official says banks should step up lending to private companies

<p>From Wednesday afternoon China time, comments from a People's Bank of China official urging banks to step up lending to private companies.</p><ul><li>PBOC will ask financial institutions to set annual targets for services to private firms and vigorously expand loans to companies that are borrowing for the first time.</li></ul><p>The official, Ma Jianyang, deputy head of the financial market department at the People's Bank of China, was meeting with financial regulators, corporations and lenders.</p><p>Reuters cited a piece in China's PBOC-backed newspaper Securities Times.</p><p>It's a big data day coming up from China:</p><ul><li><a href="https://www.forexlive.com/news/economic-calendar-in-asia-31-august-2023-china-august-pmis-any-green-shoots-20230830/" target="_blank" rel="follow" data-article-link="true">Economic calendar in Asia 31 August 2023 – China August PMIs (any green shoots?)</a></li></ul>

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