BEIJING – China’s central bank announced on Monday that it will employ re-lending and re-discount mechanisms to encourage banks to lend more to small businesses. China’s central bank stated in a statement on its website that it would encourage small and medium-sized banks to issue special bonds to finance small businesses.
China’s central bank announced that it would improve its tolerance for non-performing loans to small enterprises.
(Edmund Blair edited Stella Qiu’s and Kevin Yao’s reporting.)
Reuters is the source of this information./n
