Caixin
Oct 12, 2022 09:42 PM
ECONOMY

Exclusive: China Revives Lending Tool to Stimulate Infrastructure Investment

China will chiefly use a relaunched loan program to finance major infrastructure projects, sources familiar with the matter told Caixin, as the government ramps up efforts to provide extra liquidity and shore up an ailing economy.

After an over two-year pause, the People’s Bank of China (PBOC) has tapped its pledged supplemental lending (PSL) tool to inject funds into the country’s three policy banks, handing out a net 108.2 billion yuan ($15 billion) in September, according to a Saturday statement. This marked the first net monthly increase in lending via the tool since February 2020 and the highest amount since February 2018.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST