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Chinese Bankers Flag Greater Regional Coordination and Fintech Adoption Following PBOC Monetary Policy Report

August 19, 2021
Source: chinabankingnews.com chinabankingnews.com
News Snapshot:
China’s banking sector say it will heed calls from the Chinese central bank for greater regional coordination and fintech adoption made in its most recent monetary policy execution report. The “2021 Q2 China Monetary Policy Execution Report ” (2021???????????????) released by the People’s Bank of China (PBOC) on 9 August called for “the effective implementation of re-lending policy in provinces where lending growth is slow, to help in achieving coordinated regional growth.” The Report also called for “strengthening the application of fintech and continually raising the ability to service micro, small and medium-sized businesses,” as well as “driving financial institutions...
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