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China regulator asks financial institutions to support infrastructure investment

China regulator asks financial institutions to support infrastructure investment© Reuters. People film the new sign of CBIRC, the newly merged regulatory body, at its office in Beijing

BEIJING (Reuters) – China’s banking and insurance regulator has asked financial institutions to give more support to infrastructure investment, import and export firms, and companies experiencing “temporary operational difficulties.”

In a statement posted on its website late on Saturday, the China Banking and Insurance Regulatory Commission also called on the institutions to raise the proportion of medium- and long-term loans to avoid placing strain on the borrowers at the end of the month or quarter.

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Source: Investing.com

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