China c.bank urges more support for contact-intensive service sector


BEIJING: China's central bank and insurance regulator urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19 outbreaks.

Financial support should be also prioritised to key sectors including freight logistics and consumption, the People's Bank of China (PBOC) said in a statement issued on Wednesday, following a meeting attended by top finance regulatory officials a day earlier.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
People's Bank of China , lending

Next In Business News

Nintendo Q1 operating profit jumps 151%, beating analyst estimates
Oil gains as investors cautious over Iran-Oman talk progress
Malaysia's services producer price index up 2.9% in 2Q26
Batu Kawan's unit takeover bid for MKH turns unconditional
Trump trade war puts Indonesia’s Batam on global factory map
Singapore equities gain on DBS record profit; other Asian markets retreat
Gold touches seven-week peak on Strait of Hormuz reopening hopes
Rising demand for RMB trade settlement
Allianz General launches anniversary customer rewards campaign
Sentral REIT 1H26 realised net income rises to RM39.9mil, declares 3.17 sen distribution

Others Also Read