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China Daily | Updated: 2016-01-12 07:59
Governments & policies
Relending scheme to support farming sector
China's central bank said on Monday it will push forward a pilot scheme on relending in a bid to support the country's farming sector and small firms - the most vulnerable part of the economy. The scheme, which allows banks to refinance high quality credit assets rated by the central bank, was first introduced in Guangdong and Shandong provinces in 2014. The People's Bank of China relent 4.97 billion yuan ($755.74 million) to 31 institutions from the start of the program through to the end of 2015.
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