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

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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