China urges banking, financial institutions to boost support for manufacturing
- Country:
- China
China's regulators on Tuesday urged banking and financial institutions to have separate credit plans for the manufacturing sector, according to a statement released by the financial regulator.
China will promote more credit resources to support the manufacturing industry, and increase the proportion of medium to long-term loans in the sector, the National Financial Regulatory Administration (NFRA) said.
Insurance funds are encouraged to provide long-term and stable financial support for strategic emerging industries, it added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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