CashNews.co
China’s National Financial Regulatory Administration is urging non-bank financial institutions to improve support for businesses that want to upgrade machinery and to back programs that encourage the trade-in of consumer goods, measures that are gaining momentum in China.
The administration’s recently issued notice comes as China’s central bank has established a 500 billion yuan ($70 billion) special re-lending fund to help steer financial institutions toward improving support for technological innovation and transformation.
You’ve accessed an article available only to subscribers
VIEW OPTIONS