China’s c. bank vows strong financial support for private sector

China’s central bank pledged on Thursday to offer robust financial assistance to promote the healthy growth of the private economy and support the development of private enterprises.

The People’s Bank of China (PBC) stated in a meeting summary that it will continue to improve the pathways for private enterprises to access stock, bond, and loan financing.

The meeting focused on analysing Chinese President Xi Jinping’s speech at a symposium that was attended by some of the largest private business leaders in the country, as indicated in the readout.

Attribution: Reuters

Subediting: Y.Yasser