China's cabinet tells banks to sacrifice 1.5 trillion yuan profits to support enterprises, signals reserve ratio cuts

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China's State Council, the country's cabinet, is telling commercial banks to sacrifice part of their profits to enterprises, in a move to help businesses hard hit by the coronavirus outbreak and shore up the economy.

China will push financial institutions to sacrifice a total of 1.5 trillion yuan profits to enterprises in various sectors through guiding banks' lending rates and bond yields lower further, deferring loan repayment for small and micro companies, granting guarantee-free loans to small and micro firms and reducing banks fees," according to a cabinet meeting chaired by Premier Li . . .

Sign In or Subscribe To Get Full Access.

Join Us Now

We Are Live On THE WIRE Every Trading Day. Don't Miss Out. Grab Limited-Time Welcome Offer!

See Samples

Users' reviews

Mike379 💬

"I appreciate the site because it contains all the news necessary to follow China market. With the comprehensive coverage and live updates, I no longer need to scour multiple sources. It's saved me so much time and hassle."

D. Alonso 💬

"I've been using this platform for a while now, and one thing that impresses me is regulatory updates, on both national and regional levels, which is hard to find in other sources. This kind of information really helps me get a comprehensive and deeper understanding of what's happening on the ground."

CJ 💬

"I used to rely on more general mainstream sources for China market information, but I found their coverage was often too broad and random, lacking critical details and local context. Yuan Talks' more focused and systematic approach has changed the way I stay informed. If you're serious about navigating the China market, this platform is highly recommended."

Osterman 💬

"The platform has made tracking China market incredibly easy. I can quickly access all the information I need and effortlessly navigate through the platform to stay updated on the latest developments in the Chinese market."

J. Lee 💬

"Very comprehensive website about China, realtime news, professional views, industry data etc. Perfect place to go if you need to monitor China market."

They work with us

Sign Up For Free Weekly China Market Highlights HERE !