Central Bank Steps Up Calls for Expanded Credit
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.
- 1Opinion: Sacrificing Half the World’s People Undercuts ‘The Wandering Earth’s’ Humanistic Message
- 2Two Large Chinese Borrowers Are Said to Miss Bond Payments
- 3China Biz Roundup Podcast: Factory Inflation Stalls, iPhone Discounts, and Private Kindergarten Closures
- 4Holiday Spending Bodes Poorly for China’s Economy This Year
- 5Indebted Chinese Investment Firm Turns to Thai Conglomerate for New Co-Chairman
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas