China’s Ministry of Finance said it will auction 30 billion yuan (about US$4.1 billion) of 91-day Treasury bills on 13 August, adding to a steady schedule of short-term issuance aimed at managing liquidity in the banking system. Separately, officials plan a press conference at 10 a.m. local time the same day to outline new subsidized loan programs designed to bolster personal consumption and support service-sector companies. Analysts are watching for details on eligibility, lending terms and the fiscal backing that will frame Beijing’s broader effort to spur domestic demand amid slowing growth.
China to outline subsidized loan policies for consumers and service sector on August 13 https://t.co/lkhWBquT8A
China will hold a press conference at 10 a.m. local time on August 13 to discuss subsidized loan policies for personal consumption and service-sector businesses.
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