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China releases US$108b to ensure lending for small firms

China releases US$108b to ensure lending for small firms
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China’s central bank said yesterday that it will cut the amount of cash that some banks must hold as reserves by 50 basis points, releasing US$108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.

Read the full story at https://www.shine.cn/biz/finance/1806247187/

SOURCE: SHINE

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