People’s Bank of China to Introduce Policies to Support Small Businesses, while Prohibiting Financial Service Providers from Offering Risky Products

China’s reserve bank stated on January 6, 2021 that it will be making its monetary policy more flexible, targeted and appropriate this year. The country will begin focusing on supporting smaller companies as the Chinese economy tries to recover following the COVID-19 outbreak. The People’s… Read More
Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged central bank, china, financial services, mainland china, pboc, peoples bank of china, reserve bank