PBOC, banking regulator urge banks to step up support to real economy, front-load loan issuance

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The People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) held a meeting on Tuesday, urging banks to step up financial support to the real economy and front-load loan issuance to boost the economy, according to a statement released by the central bank on Tuesday.

Major banks should maintain a reasonable pace of lending, appropriately front-load loan issuance, optimize loan structure and support the economy's key fields and weak links in a targeted and forceful way, the regulators . . .

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