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.

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People's Bank of China , lending

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