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PBoC: Rolls out RMB9T Monetary Initiatives YTD; Financial Bodies Forgo RMB1.2T Profit for Real Econ in 10M20
The People's Bank of China published China's monetary policy implementation report for 3Q20, citing RMB9 trillion worth of monetary policy and response measures rolled out ...
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PBoC: Rolls out RMB9T Monetary Initiatives YTD; Financial Bodies Forgo RMB1.2T Profit for Real Econ in 10M20
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2020/11/26 17:29
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The People's Bank of China published China's monetary policy implementation report for 3Q20, citing RMB9 trillion worth of monetary policy and response measures rolled out year-to-date.

For 10M20, financial authorities have forgone around RMB1.25 trillion of profits for the sake of the real economy.
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