China’s tech firms at the front of the queue for loans amid policy tilt

Quick Summary:

People’s Bank of China asks government ministries and major banks to accelerate loans to tech companies.

Four major banks, including the Bank of China and the Industrial and Commercial Bank of China, had also shared their lending experiences during the meeting.

On Monday, the People’s Bank of China published an article on its official website which provided details of a meeting on Thursday aimed at fostering technological innovation and transformation.

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Article Details

Author / Journalist: Mia Nulimaimaiti

Category: Technology

Markets: Hong KongChina

Topics: China Banks Government Meeting Loan Bank Urged Central Major Tech Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 12:02:44 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 207 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23871427

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