PBOC ups its credit resources for lenders

China's central bank has expanded credit resources for commercial banks, to boost lending to small-scale and private businesses, with the policy going in an opposite direction to some major economies' monetary tightening.

Some large and qualified commercial banks can borrow more and get cheaper money from the central bank, if they will increase lending to small and micro enterprises, as well as the private sector - the most fragile area when faced with economic downside risks, the central bank announced late on Wednesday.

It is a signal that the Chinese central bank is willing to further support economic growth through easing credit conditions, said analysts.