China's 'urban village' drive gets policy bank loan support
From channelnewsasia.com
China's central bank issued 150 billion yuan ($21 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in January, granting such loans for a second month as part of a push to support its "urban village" plan. The loans were made to state-owned policy banks - China Development Bank, Export-Import Bank of China and Agricultural Development Bank of China, the central bank said in a statement on Thursday, without saying how the banks would use the loans.Outstanding PSL loans totalled 3.4022 trillion yuan at the end of January, compared with 3.2522 trillion yuan at ...
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