China central bank vows to improve financing for private firms
Reuters2023-08-31
BEIJING, Aug 31 (Reuters) - China will unblock financing channels of stocks, bonds and loans for private enterprises and support their listing and refinancing, the central bank said on Thursday following a Wednesday meeting with companies and lenders.
The world's second-largest economy will use stocks and bonds to deal with risk associated with property developers in a prudent manner and guide institutional investors to buy bonds of private firms, the People's Bank of China said in a statement.
(Reporting by Ellen Zhang and Ryan Woo)
((Ellen.Zhang@thomsonreuters.com;))
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