Top Policymakers Urge More Lending to Small Businesses

Growth in China’s total social financing slowed to a record low of 9.8% in June. Photo: VCG

China’s top financial supervisory agency under the State Council met twice over the past month discussing ways to free up credit in support of the real economy, Caixin has learned.

Policymakers are concerned that measures intended to encourage lending to micro and small businesses haven’t succeeded in “unclogging” the transmission mechanism of monetary policy.

You've accessed an article available only to subscribers

Get 30 days of access for $0.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code