Econ and Finance - 02 Jun 2020

The PBoC gets into microfinance

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The People’s Bank of China (PBoC) is giving the term “banker of last resort” new meaning.

The PBoC said Tuesday it has started buying microloans from banks in order to get cash to small firms.

Caixin has the deets:

The PBoC has set aside RMB 400 billion to purchase the loans.Banks need to ...


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