People’s Bank of China (PBOC) to boost lending to small firms

China state television reported on May 31 that the People’s Bank of China will set up a re-lending facility for smaller companies and has set this year’s quota at 50 billion yuan ($8 billion).

The PBOC will also boost bond issues and expand bank credit securitization trials to support small businesses, according to the same report on the state TV broadcast.

Source: Washington Post (with Bloomberg)

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This sort of action from the PBOC should be a positive input for the AUD (albeit a small one)