People's Bank of China and China's banking regulator met with 24 financial institutions

  • urged lenders to ‘go all out to stabilise the fundamentals of the economy,’ the PBOC said in a statement.
  • PBOC urged banks to fully utilise different policy tools and support ‘high-quality’ economic growth by increasing credit ‘appropriately’.
  • asked banks to keep a steady increase of property loans

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PBOC Governor Yi Gang:08 May 2022

PBOC Governor Yi Gang