State-owned banks must support real economy – PBoC official
Deputy governor calls on big lenders to take on greater role amid rumours of capital injection
Financial institutions in China should better support the real economy, a deputy governor at the country’s central bank has said.
Lu Lei said today (February 27) that although growth had been strengthening, the financial sector’s contribution to the real economy “needed further improvement”.
“Financial support for technological innovation, green transformation, and small- and medium-sized enterprises is not sufficient,” Lu wrote in the Study Times. The newspaper is published by the Central Party
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