Econ and Finance - 03 Jun 2020

PBoC compensating banks for forbearance

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Yesterday, we told you that the People’s Bank of China (PBoC) had started buying microloans from banks.

What we overlooked – along with most Chinese media outlets – is that the PBoC, in cooperation with the Ministry of Finance (MoF), launched another new facility the same day.

On June 1, the ...

Snuh-ohez.

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