PBoC looks to expand lending programme for SMEs
Central bank to 'steadily advance' refinancing scheme
The People's Bank of China (PBoC) has vowed to expand a flagship stimulus programme that allows regional banks to use private-sector loans as collateral for central bank funding.
The programme was introduced in China's Guangdong and Shandong provinces in 2014 and expanded to nine additional provinces in October.
It has seen the PBoC extend 5 billion yuan ($758 million) to date in a bid to boost lending to small businesses and the agricultural sector, both of which are suffering from China's
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