Comments by PBOC governor Yi Gang
- Financial institutions should take measures to reasonably manage the pace and intensity of credit supply
- Financial institutions should make full use of incentive measures for lending to private and smaller firms
- Financial institutions should take measures to maintain sustainability of private and small firms' businesses
It's not the first time we're hearing this and certainly won't be the last. The PBOC is doing its part to make ensure the sustainability of China's economic growth and verbal intervention by Chinese authorities has been part of that rhetoric over the last few months.
