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BOC Plans to Issue RMB1T+ in Loans to Support Key Consumption Areas This Year
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BANK OF CHINA (03988.HK) announced on its official Weibo that it will continue to advance the initiative to benefit the public in 2026, fully upgrading its “Five Heart Service”. Surrounding five key areas, namely commodity consumption, service consumption, cross-border consumption, livelihood protection, and wealth preservation, the bank plans to issue loans exceeding RMB1 trillion to support key consumption areas throughout the year, generating over RMB200 billion in property income, and investing RMB10 billion in consumption subsidies and fee reductions, benefiting over 100 million consumers. AASTOCKS Financial News Website: www.aastocks.com |
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