China pushes banks to set private-sector lending targets

25-point plan meant to fuel investment and employment

20231127N PBOC Reuters

The People's Bank of China issued a notice on Nov. 27 outlining 25 measures to support the private sector. © Reuters

IORI KAWATE, Nikkei staff writer

BEIJING -- Chinese regulators on Monday called on banks to set yearly targets for lending to the private sector, with the aim of encouraging investment and hiring among China's biggest employers.

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