Caixin
Sep 06, 2018 09:28 AM
FINANCE

Central Bank Steps Up Calls for Expanded Credit

The People's Bank of China headquarters in Beijing. Photo: VCG
The People's Bank of China headquarters in Beijing. Photo: VCG

China’s central bank is stepping up calls for banks to expand financing support for smaller private companies as bankers’ appetite for taking on risk has diminished.

The People’s Bank of China on Tuesday invited 14 banks and 29 private companies to discuss ways to address the financing difficulties many small firms face amid Beijing’s deleveraging campaign. Company executives at the meeting said they continue to experience pressures from slowing economic growth, government policies to cut debt, higher financing costs and tougher pollution curbs.

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