February 27, 2019 / 10:34 AM / 6 months ago

China c.bank urges lenders to reduce reliance on collateral in loan issuance

BEIJING, Feb 27 (Reuters) - A vice head of China’s central bank said on Wednesday that it encourages commercial lenders to reduce their over-reliance on collateral in a bid to address financing difficulties of private and small firms.

Fan Yifei, a vice governor at the People’s Bank of China, made the above comment at an event that set out industry standards for loan collateral. (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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