PEOPLE's Bank of China Governor Yi Gang said the central bank will focus on five measures to support credit provision to the real economy, following the government’s announcement of more "direct” support in its annual policy blueprint released last week.
In the near future Officials plan to roll out more measures to enable small firms to delay repayment of loans and interest, increase collateral-free credit to small companies, improve the government’s associated credit guarantees, support corporate bond sales and develop supply-chain finance, Yi said in a local-media interview according to a statement published on the PBOC’s website.