PBOC issues notice to strengthen financial support for private companies

The People’s Bank of China (PBOC) issued a notice on Monday to strengthen financial support for private companies.

Additional takeaways

To encourage institutional investors to actively and scientifically allocate private companies bonds.

Support private enterprises in listing and financing, mergers and acquisitions, and restructuring.

To use monetary policy tools, fiscal subsidies to incentivize financial institutions to service private companies.

Encourage lenders to not to cut or suspend loans for private companies facing temporary difficulties but have competitive technologies.

To reasonably meet the financing needs of private property companies.