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KM Financial Solutions | China outstanding pledged supplementary lending at 3,224.60 bln yuan at end-Aug – c. bank
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China outstanding pledged supplementary lending at 3,224.60 bln yuan at end-Aug – c. bank

02 Sep China outstanding pledged supplementary lending at 3,224.60 bln yuan at end-Aug – c. bank

Posted at 08:25h in News by
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China’s pledged supplementary lending facility stood at 3,224.60 bln yuan ($472.97 bln) at the end of August, compared with 3,215.50 bln yuan at the end of July, the central bank said in a statement on its website on Monday.
The PSL programme, initiated in 2014, is designed to help the central bank better target medium-term lending rates while boosting liquidity to specific sectors by offering low-cost loans to selected banks.
($1 = 6.8177 Chinese yuan)
(Reporting

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