China's central bank pledges financial support for private economy
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FILE PHOTO: A man walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. REUTERS/Jason Lee/File photo
BEIJING (Reuters) - China's central bank vowed on Thursday to provide strong financial support for the healthy development of private economy and the growth of private enterprises.
The People's Bank of China will further smooth the channels for stock, bond and loan financing for private enterprises, it said in a meeting readout.
The meeting was aimed at studying Chinese President Xi Jinping's speech at a symposium attended by some of the country's biggest private business leaders, the readout showed.
(Reporting by Yukun Zhang, Ellen Zhang and Ryan Woo; Editing by Bernadette Baum)
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